Trade Finance

IBM Takes 7% Stake in Trade-Finance Blockchain Network We.Trade

IBM has become a shareholder in we.trade, the trade-finance platform jointly owned by 12 European banks, signaling further consolidation across the enterprise blockchain space. Ciaran McGowan, we.trade’s CEO, said the deepening relationship with Big Blue will help the platform in its next phase of global expansion. “Now we’ve got a very strong partnership with IBM …

IBM Takes 7% Stake in Trade-Finance Blockchain Network We.Trade Read More »

DBS Bank Joins Global Blockchain Network to Digitize Trade Settlement

Singapore-based multinational banking firm DBS Bank has joined the blockchain trade-finance network Contour, which is built over R3’s Corda. Contour is due for a main-launch later this year. According to a May 11 report by the business news outlet The Business Times, DBS Bank is the first bank from Singapore to join the network. Major …

DBS Bank Joins Global Blockchain Network to Digitize Trade Settlement Read More »

Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates

HDBank has signed up to a blockchain network from Contour with the aim of bringing trade finance into the digital realm. The Vietnam-based bank is the latest financial institution to join Contour’s network with a view to streamlining the issuance of letters of credit with the use of a blockchain and smart contracts, local media …

Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates Read More »