Over the past 2-3 decades there have been many attempts to digitise parts of the trade and trade finance process, but it’s the complexity of trade that remains the challenge. Most successful attempts at digitisation have had to bite off a small piece of the problem and this has led to silos or what I call a ‘digital island’ phenomena.
LBBW and Commerzbank have once again executed a trade transaction between Voith and KSB SE, via the Marco Polo trade finance network, built on R3’s distributed ledger technology (DLT) platform, Corda.
In this edition of Trade Finance Talks, we’re going to be hearing from Alisa DiCaprio, Head of Trade and Supply Chain at R3 on Corda, blockchain and data exchange in trade
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The world of trade is shifting. Traditionally it’s simple; manufacturers develop, exporters ship, banks fund and insurers cover. This is changing. Manufacturers and exporters are integrating entire supply chains, online… read more →