Tag: international trade

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 at enhancing the operations of firms involved in the supply…

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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 behalf of Cargill, a large food and agricultural conglomerate based…

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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 Sanctions The widespread adoption of crypto is now making officials…

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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 amounts of paperwork, insurance and legal issues, customs clearance, cargo…

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