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Wednesday

30 September 2020

Major Asian bank issues credit on SCB-backed blockchain

Major Asian bank issues credit on SCB-backed blockchain


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Although ADB did not specifically mention how blockchain added to the efficiency of the trade settlement, Steven Beck, the bank’s head of trade and supply chain finance, said that the use of blockchain has made trade more efficient while reducing risk and lowering the barriers to entry for small and medium-sized businesses in developing parts of Asia.

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cointelegraph.com
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