DonateMost active topics
Latest topics
Sberbank Conducts the First Letter of Credit Transaction on the Blockchain
Page 1 of 1 • Share
Sberbank Conducts the First Letter of Credit Transaction on the Blockchain
by Vladdirescu Tue Jun 06, 2017 2:36 am
Russia’s largest bank, Sberbank, and steel and mining company "Severstal" have successfully used Blockchain technology to conduct international letter of credit transactions.
One of the Belarusian counterparties of PAO Severstal and Sberbank had already tested the issuance of an international letter of credit under a contract for the supply of steel. Sberbank announced the result of their first test of international letter of credit transactions using blockchain technology at the XXI St. Petersburg International Economic Forum last week, noting that this is the first of its kind Blockchain-based transaction in Eastern Europe.
You can read the full article and take part in the discussion here: https://coinidol.com/sberbank-conducts-letter-of-credit-on-the-blockchain/
One of the Belarusian counterparties of PAO Severstal and Sberbank had already tested the issuance of an international letter of credit under a contract for the supply of steel. Sberbank announced the result of their first test of international letter of credit transactions using blockchain technology at the XXI St. Petersburg International Economic Forum last week, noting that this is the first of its kind Blockchain-based transaction in Eastern Europe.
You can read the full article and take part in the discussion here: https://coinidol.com/sberbank-conducts-letter-of-credit-on-the-blockchain/
Vladdirescu- Posts : 721
Reputation : 1
Join date : 2017-04-21
Similar topics» Blockchain Enters Poland’s Financial Market, Namely the Credit Office
» HSBC Claims it Performed the World’s First Trade Transaction via Blockchain
» Self-Governing Blockchain Technology Foundation Launched, Promises Grants, Representation and Research Opportunities to Blockchain Enthusiasts and Businesses
» Bitcoin Transaction Fees Hit a Record Low Level
» Cloak's Transaction System Enigma is Open Source - A Milestone for Privacy
» HSBC Claims it Performed the World’s First Trade Transaction via Blockchain
» Self-Governing Blockchain Technology Foundation Launched, Promises Grants, Representation and Research Opportunities to Blockchain Enthusiasts and Businesses
» Bitcoin Transaction Fees Hit a Record Low Level
» Cloak's Transaction System Enigma is Open Source - A Milestone for Privacy
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Smart Valor — The Future of Global Investments
» Jur — Resolving Legal Disputes with the Help of Smart Contracts
» CDRX — Blockchain Technology in the Traditional Securities Market
» NoahCoin as a Key to Borderless Facilities of Noah Project
» Iconiq Lab — New ICO Accelerator and Decentralized Investment Fund
» Raincheck — Global Bonus System and Loyalty Program on the Stellar Blockchain
» Clintex (Clinical Trials Intelligence) — Alternative Treatment of the Future
» Mobu ICO— The Future of Security Tokenization
» Codex Protocol — Blockchain-based Title Registry of Art and Collectibles
» INGOT Coin Develops An All-Inclusive Ecosystem to Bridge Markets, Revives Lost Demand
» Japan Has Announced New Five-Point Regulations for Cryptocurrency Exchanges
» Trivver — Blockchain-Based Extended Reality Ad Exchange
» OEL Foundation — Unified Logistics Blockchain Infrastructure
» Quadrant Protocol — Data Ecosystem With Authenticity And Provenance
» Pumapay Brings Crypto Payments into Daily Life, Raises $117 mln in Private Token Sale
» FlipNpik — Social Media for Local and Small Businesses based on XLM
» Japanese Bank MUFG Is Planning to Issue a Trial of Its Own Digital Currency
» Blockchain Enters Poland’s Financial Market, Namely the Credit Office
» HSBC Claims it Performed the World’s First Trade Transaction via Blockchain