StanChart makes first Singapore trade finance deal using blockchain

StanChart makes first Singapore trade finance deal using blockchain

Standard Chartered‘s Singapore unit has completed its first cross-border trade finance transaction on a blockchain-based platform. StanChart tapped startup Distributed Ledger Technologies’ platform to complete an agri-business supply chain deal in one day, instead of the normal five to seven, the bank announced. The blockchain technology, which enables parties in the supply chain network to…

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How building owners are seeking new sources of capital via blockchain

Known as “tokenization,” companies are trying to pioneer a system for trading ownership shares in real estate using blockchain technology and REITs as the vehicle Real estate’s much-anticipated affair with blockchain technology seems to be becoming a reality. Just as investors in real estate investment trusts can buy shares that represent an ownership stake in…

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Blockchain becoming disruptive force in auto sector

Blockchain becoming disruptive force in auto sector

A majority of global automotive sector executives believe that blockchain technology will become a disruptive force in the industry within the next three years, according to a study. Although the industry is still in very early stages of adopting the technology, the study by IBM Institute for Business Value in collaboration with Oxford Economics said…

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