#international trade News

Australia: EY Unveils Blockchain Solution to help SMEs

Australia and Singapore Pursuing Blockchain Adoption for Bilateral Trade

November 25, 2020 by Anthonia Isichei at Blockchain

Blockchain adoption is on the agenda in formulating bilateral trade agreements between Australia and Singapore as both countries test a paperless trade system for verifying exchange trade documentation. The novel tech is increasingly being deployed in removing bottlenecks from international trade especially amid the global disruptions occasioned by the coronavirus...

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...

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...

HSBC Concludes – “Blockchain Is Viable” After Successful Trade Deal

May 15, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Finance, News, 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...

Russia Set to Utilize Cryptocurrency to Avoid US Sanctions

December 11, 2017 by Priyeshu Garg at Bitcoin, Finance, News, 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...

Blockchain Technology Can Reshape Global Supply Chains

July 11, 2017 by Admin BTCManager at Blockchain, Commentary, News, 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...