In addition, there will be real-time tracking of transactions on the platform along with a full audit trail, resulting in greater transparency.
The demand for contactless banking amid the Covid-19 situation also makes digitalising trade processes an increasingly relevant and heightened priority. "Efficiency in the LC issuance process is a vital part of upgrading the industry. Through our network, we can enable banks and corporates to leverage the shared transparency in the platform and manage information digitally," he added.
dbsbank Ok but it’s not a blockchain
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