Geneva based blockchain software provider komgo SA has announced that it has taken a number of steps towards achieving its mission of catalyzing the world’s commodity trade network, with almost a billion USD of financing channeled by members of the network.

“I joined SWIFT as part of the 5 man global sales team in 1985, so SIBOS in Brighton was my first … and of course it was memorable…I stayed for 20 years, attended 23 SIBOS events across the world- pioneering days … no mobile phones, paper based processes, no internet …’

The Universal Trade Network (UTN), a project initially aimed to allow for interoperability between many of the blockchain and non-blockchain consortia and networks has been renamed and adopted by the International Chamber of Commerce (ICC).

TFG spoke to Emmanuelle Ganne, Senior Analyst and Blockchain Lead at the World Trade Organization on the state of digitisation within trade and trade finance. With the rise of numerous DLT and non-DLT consortia, what role should multilateral bodies play, and how can we create paperless trade together? The interview was held at ExCred Commodities in London.

Daimler and Dürr execute a commercial trade transaction with LBBW via blockchain technology platform Corda. The international trade finance network Marco Polo has demonstrated its capability for practical use with… read more →

Innovative solution combats fraudulent transactions before money leaves the bank or corporate organization London, UK, September 23, 2019 – Today at Sibos 2019, Finastra has announced its partnership with Swiss Fintech, NetGuardians, which sees… read more →

New York – 19 September, 2019 – Bank of America announces that it is joining the Marco Polo Network, the largest and fastest growing trade finance networks leveraging Corda distributed ledger technology to provide transformative solutions to global trade participants.

LONDON, September 19, 2019. Trade Finance Global released its third issue of Trade Finance Talks entitled ‘Tradetech & Trade Wars’ – the Sibos edition.

To advance trade finance’s digital transformation, financial institutions and technology providers alike are ramping up efforts to cooperate through a number of consortiums. But, to ensure these various initiatives do not create a cluster of “digital islands”, a more joined-up approach is required.

Distributed Ledger Technology (DLT) has been around for several years and has its roots in the world of cryptocurrencies, often referred to as Blockchain. Having brought some very interesting opportunities to the Banking market, attention was sparked in other industries such as Insurance, Healthcare, Shipping, Supply Chains, Manufacturing and Trade Finance.