DBS and Standard Chartered to launch blockchain platform to curb trade finance fraud

Cointelegraph

Published Oct 06, 2020 07:33AM ET

Updated Oct 06, 2020 09:20AM ET

The Singapore-based multinational banking entity DBS and Standard Chartered (OTC:SCBFF) have completed the proof-of-oncept of their blockchain trade finance platform called the Trade Finance Registry.

The two entities developed the PoC in collaboration with 12 other banks on top of the blockchain platform of Singapore-headquartered company dltledgers.

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