Maersk in first international shipment using TradeTrust blockchain

Last week saw the first live international trade using the TradeTrust Framework, a blockchain paperless trade initiative spearheaded by Enterprise Singapore and Singapore’s tech authority IMDA. Maersk used the platform to issue an electronic bill of lading (eBL) on a public blockchain for a shipment of scrap metal. Singapore’s DBS Bank and India’s ICICI Bank relied on the eBL for trade finance.

Read the article here: Maersk, DBS in first international shipment using TradeTrust blockchain

Source:LedgerInsights