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
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: