London-based bank and financial services firm Standard Chartered has completed its first joint blockchain-based supply chain financing transaction.
Standard Chartered announced on Aug. 5 that the institution successfully ran their first joint deep-tier supply chain financing transaction in partnership with China-based supply chain financing service provider Linklogis. UK Bank Standard Chartered Uses Blockchain for Supply Chain Finance.
The news follows a memorandum of understanding signed by Standard Chartered and Linklogis in February 2019, when the firms agreed to collaborate on expanding the bank’s supply chain visibility, as well as to support sustainable growth of China’s economy and innovation.
UK Bank Standard Chartered Uses Blockchain for Supply Chain Finance