UK bank Standard Chartered completed it first supply chain finance with blockchain


  • The bank had leveraged blockchain technology to complete a supply chain financing transaction.
  • It comes as part of a partnership with China-based supply chain financing service provider Linklogis. 

 

Standard Chartered, London-based bank and financial services firm completes a milestone with its first joint blockchain-based supply chain financing transaction.

The financial firm announced that the institution managed to successfully complete their first run of a joint deep-tier supply chain financing transaction. The projection is as part of a partnership with China-based supply chain financing service provider Linklogis. 

Back in February of this year, a memorandum of understanding signed by Standard Chartered and Linklogis. The companies agreed to collaborate on expanding the bank’s supply chain visibility, in addition to supporting sustainable growth of China’s economy and innovation.

 

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