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Further Digitalisation ramblings

29/01/2020

Recent developments of note include:

 

The Singapore branch of CIMB Bank Berhad has completed a trade financing transaction for the import of dairy products into China using IoT cargo sensors and a distributed ledger platform from blockchain firm iTrust.

https://www.finextra.com/newsarticle/34586/iot-and-blockchain-to-the-fore-in-cimb-trade-finance-transaction

 

essDOCS & FreightRoll announce partnership to offer FreightDocs solution for trucking industry

https://www.essdocs.com/press-room/essdocs-freightroll-announce-partnership-offer-freightdocs-solution-trucking-industry

 

China is reportedly looking into the various use cases for blockchain tech and artificial intelligence (AI) in international financing, with a special focus on risk management procedures. 

https://ethereumworldnews.com/china-is-exploring-blockchain-and-ai-use-cases-in-international-trade-financing/

 

South Korean Trade to Venture into Blockchain by 2021, Says Government

https://www.cryptonewsz.com/south-korean-trade-to-venture-into-blockchain-by-2021-says-government/46284/

 

Southeast Asia's largest bank DBS, Swiss commodities trader Trafigura [TRAFG.UL] and their partners have started a blockchain trading platform in Singapore aimed at reducing paperwork and improving trade flows, the bank said.

https://www.nytimes.com/reuters/2019/11/05/technology/05reuters-singapore-commodities.html?searchResultPosition=4

 

IDC sees trade finance as biggest blockchain application in China.

https://www.ledgerinsights.com/idc-trade-finance-biggest-enterprise-blockchain-app-china/

 

Trade Technologies Extends Digital Letter of Credit Presentations to Banks in the European Union

https://www.tradetechnologies.com/PressRelease/2019/pr110719

 

essDOCS announced that several banks have commenced testing its newly developed CargoDocs Transaction Matching Application (Cmatch). CMatch enables banks to continue offering two-corner Bank Payment Obligations (BPOs) - alongside next-generation digital trade instruments, such as four-corner Bank Payment Undertakings (BPUs) - by replacing the soon-to-be-discontinued SWIFT Trade Services Utility (TSU).

https://mailchi.mp/essdocs/cmatch_pr-newsletter?e=cecdb40480

 

 

 

 

 

 

 

 

 

www.tradefinance.training


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