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#international trade News
Saudi Arabia and Bahrain Use Blockchain Technology to Finance International Trade
November 21, 2019 by
Edoardo Vecchio
at
Blockchain
SABB and HSBC executed for the first time a blockchain-based trade transaction between Aluminium Bahrain B.S.C. (Alba) to Saudi Arabia’s Altaiseer Aluminium Corporation (TALCO). The news comes from an official post by SABB on November 20, 2019. Global Trade Faster, Safer, and Simpler The transaction executed by SABB and HSBC...
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PwC Australia to Launch Blockchain Solution to Enhance International Trade and Commerce
May 30, 2018 by
Ogwu Osaemezu Emmanuel
at
Blockchain
,
Business
,
News
,
Tech
The Australian arm of PricewaterhouseCoopers, a London-based multinational professional services network, in collaboration with the Australian Chamber of Commerce and Industry (ACCI), and the Port of Brisbane has launched a ‘Trade Community System,’ powered by distributed ledger technology. The Power of the Blockchain The Trade Community proof-of-concept system is targeted...
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HSBC Concludes – “Blockchain Is Viable” After Successful Trade Deal
May 15, 2018 by
Priyeshu Garg
at
Altcoins
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,
Finance
,
News
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Tech
HSBC Holdings announced that it had completed its first scalable blockchain-based trade finance transaction through which it has concluded that blockchain is ready for mass adoption in the trade finance market. HSBC revealed that it concluded that blockchain is a commercially viable technology after processing a letter of credit on...
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Russia Set to Utilize Cryptocurrency to Avoid US Sanctions
December 11, 2017 by
Priyeshu Garg
at
Bitcoin
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Finance
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News
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Regulation
There has been a lot of speculation taking place as to how Russia is planning to create a significant boost to their oil market and subsequently overcome some strict guidelines set out by the United States. One suggestion implies the utilization of the growing power and influence of cryptocurrencies. Overcoming...
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Blockchain Technology Can Reshape Global Supply Chains
July 11, 2017 by
Admin BTCManager
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Tech
Blockchain technology has been drawing the attention of logistics companies for some while now. With the complex and incredibly cumbersome procedures involved in arranging transportation from one point to another, the blockchain seems like a long-awaited deliverance to them. The problems faced by the logistics industry are very tangible; huge...
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