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Sep 7, 2020
Safeway: how a primitive blockchain solution saved us cash in the crash
Former Safeway treasurer Bradley Fox said that a primitive version of a blockchain solution saved the grocery chain thousands of dollars in corporate issuance after contagion took root in markets during the financial crisis.
Treasurers at firms with a debt portfolio resort to short-term funding arrangements, sometimes issuing commercial papers, but the process can get complicated as it involves multiple intermediaries.
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