Standard Chartered has agreed to back the digital platform Contour - formerly Voltron - which has its eye on modernising the $18 trillion trade finance market
Letters of credit may be a necessary evil that prolongs the trade process, but financial regulators in the two cities are pushing blockchain as a way to solve an old problem.
Long the tool of choice in trade finance, fewer companies are using a letter of credit for its traditional purpose – but don't expect LCs to disappear any time soon.
Sep 26, 2016
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