Search Results for: Finance

UK Finance Launches Experimental Phase for Regulated Liability Network (RLN)

UK Finance, a pivotal entity in the banking and finance sector of the United Kingdom, has initiated an experimental phase to delve into the capabilities and benefits of the UK Regulated Liability Network (RLN). This innovative phase involves a strategic partnership with eleven member organizations, aiming to unlock new possibilities in digital transactions and finance … Continue reading UK Finance Launches Experimental Phase for Regulated Liability Network (RLN)

HSBC Becomes the First Bank to Finance Transaction via Hyperledger

Multinational banking giant, HSBC has reportedly become the first bank to complete a financial transaction using the blockchain trade platform, we.trade based in Europe.      Based in Dublin and established in 2017, we.trade is a blockchain trade platform that runs on the IBM Hyperledger Fabric. The platform allows clients to manage, track, and securely open account trade transactions between SMEs in Europe.    … Continue reading HSBC Becomes the First Bank to Finance Transaction via Hyperledger

Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Uttama Savanayana, Thailand’s Finance Minister, has stipulated that his ministry intends to use blockchain technology in upgrading the system infrastructure. The decision comes from the knowledge that blockchain technology will ensure optimal service delivery to the nation’s citizens.  Uttama views blockchain as part of the technological innovations that will maximize efficiency and productivity in the … Continue reading Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

South Korea Is Looking to Put Trade Finance on the Blockchain

This article is contributed by our content partner, Nexchange NOW. The South Korean government wants all trade to be on the blockchain, Coindesk reports. South Korean Finance Minister Hong Nam-ki introduced the Development Plan for Digital Trade on Monday, and per the plan, the government will be using technologies such as blockchain, AI, and 5G … Continue reading South Korea Is Looking to Put Trade Finance on the Blockchain

ConsolFreight Releases New Proof Of Concept To Advance The Role Of Logistics Providers In Trade Finance

ConsolFreight released its new Proof of Concept report “Trade Forward” at the IoT Solutions World Congress in Barcelona. The ambitious project has the support of Telefonica, who provided connectivity through Kite, their IoT connectivity platform. It also included the collaboration of key organizations such as EOS Dublin using EOSIO blockchain technology, the Florida Blockchain Foundation, … Continue reading ConsolFreight Releases New Proof Of Concept To Advance The Role Of Logistics Providers In Trade Finance

ASIFMA: Tokenized Securities Might Bridge the Current Mainstream Finance with the New Digital World

ASIFMA (the Asia Securities Industry & Financial Markets Associations) has availed a new whitepaper that revealsa roadmap for regulators and market participants on tokenized securities. The paper scrutinizes the way tokenization will affect reigning financial issuers and institutions. Expressly, the issues of considerations in the various stages of the tokenized securities’ lifecycle are highlighted.  While … Continue reading ASIFMA: Tokenized Securities Might Bridge the Current Mainstream Finance with the New Digital World

Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

A report published on the Global Times on Nov. 7 stated that the Shanghai Municipal Commission of Commerce had signed a written proposal giving the Shanghai government departments and six financial companies an opportunity to establish an E-port area blockchain alliance with the sole aim of fostering international trade and financial services. This proposal was signed … Continue reading Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

Governments across the world are beginning to explore the potential benefits of integrating blockchain-based applications into the public sector. Blockchain has the ability to record transactions on distributed ledgers. In this way, blockchain, therefore, provides new opportunities for governments to establish trust, prevent fraud, and improve efficiency. Such great benefits attract huge attention of governments … Continue reading Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency

Why is Blockchain Technology Revolutionizing the Banking and Finance Market?

When blockchain technology was innovated a decade ago, it had high prospects of bringing significant revolution into the banking and finance markets, as we glance back at those budding days of blockchain technology and compare the results now. Indeed it has lived up to anticipations and even delivering more than what was expected.   Blockchain technology comes with … Continue reading Why is Blockchain Technology Revolutionizing the Banking and Finance Market?

BNY Mellon Joins the Marco Polo Network to Develop a More Open and Connected Trade Finance Network

The Marco Polo Network announced a new strategic partnership with the Bank of New York Mellon (BNY Mellon) to create a vast financial atmosphere that will ensure economic as well as trade growth, making BNY Mellon a member of the top network of financial institutions which leverages blockchain technology for trade finance. Some of these … Continue reading BNY Mellon Joins the Marco Polo Network to Develop a More Open and Connected Trade Finance Network

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