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Oman Oil & Orpic Group and HSBC Digitize Trade Finance with the  Execution of their First Blockchain Trade Transaction

Oman Oil & Orpic Group and HSBC Digitize Trade Finance with the Execution of their First Blockchain Trade Transaction

Oman Oil & Orpic Group and HSBC Bank Oman have succeeded in carrying out their first trade transaction via blockchain technology.

BNY Mellon Joins Marco Polo Trade Finance Consortium

BNY Mellon Joins Marco Polo Trade Finance Consortium

The Bank of New York Mellon, which boasts nearly $2 trillion under management, is the 28th bank to join the Marco Polo trade finance consortium. And according to CoinDesk, the bank is quite eager to go “live:”

South Korea Is Looking to Put Trade Finance on the Blockchain

South Korea Is Looking to Put Trade Finance on the Blockchain

The South Korean government wants all trade to be on the blockchain, Coindesk reports.

CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing

CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing

CIMB Bank Singapore and iTrust have collaborated in the first-ever successful blockchain trade financing transaction.

Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China

Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China

Standard Chartered has made a milestone by completing its first cross-blockchain trade finance pilot transaction between Hong Kong and China.

Russian PM Considers Digital Assets for Cross Border Payment

Russian PM Considers Digital Assets for Cross Border Payment

Mikhail Mishustin, the Prime Minister of Russia, has hinted at the need to incorporate digital assets into the country’s economy as a way to ensure sustainable payment for goods and services in international trade.

Post-Brexit Trade Transformation: IOTA’s TLIP Enhances EU-UK Logistics

Post-Brexit Trade Transformation: IOTA’s TLIP Enhances EU-UK Logistics

The Trade and Logistics Information Pipeline (TLIP) leverages IOTA technology to streamline post-Brexit trade between the EU and UK by facilitating real-time data sharing.

IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder

IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder

IBM has announced a new collaboration with blockchain-based trade finance platform, we.trade to enhance network capabilities and accelerate the global growth of the platform. We.trade was designed to connect buyers, sellers, banks, insurers, and other organizations in a network, simplifying cross-border trading. Built on the latest version of the IBM Blockchain Platform, IBM has been the platform’s technology partner since the beginning. We.trade was also the first enterprise blockchain consortium to go live, back in early 2018.

US Banking Giant Patents AI Fact Checker to Simplify Investing in Crypto

US Banking Giant Patents AI Fact Checker to Simplify Investing in Crypto

Capital One Services, a subsidiary of US banking giant Capital One has patented a new artificial intelligence system to guide human cryptocurrency traders through the complicated world of misinformation in the digital assets space.

India's Largest Shipping Port Operator Adopts Maersk-IBM Blockchain Platform

India's Largest Shipping Port Operator Adopts Maersk-IBM Blockchain Platform

In the latest development, India’s largest port operator announced on May 27 it is adopting blockchain technology through its shipping and invoicing business.

Singapore to Pump $8.9 Million Into National Blockchain Ecosystem

Singapore to Pump $8.9 Million Into National Blockchain Ecosystem

The Singaporean government has deployed a US$ 8.9 million national blockchain initiative dubbed the Singapore Blockchain Innovation Program (SBIP).

5200 Vendors Now Accept Bitcoin Payments For Tobacco Purchases

5200 Vendors Now Accept Bitcoin Payments For Tobacco Purchases

Keplerk, a French-based cryptocurrency startup has relaunched it's Bitcoin for tobacco service in as much as 5200 outlets across France starting from October 10th.

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