Monday, May 23, 2016

Banks Look To Blockchain To Reduce Fraud In $4 Trillion Trade Finance Field

Banks are exploring blockchain or distributed ledger technology as a way to prevent fraud risk in the $4 trillion trade financing industry.   Standard Chartered Plc, having lost nearly $200 million in fraud at Qingdao port two years ago, has partnered with DBS Group Holdings Ltd. to establish an electronic invoice ledger using a blockchain. HSBC […]

The post Banks Look To Blockchain To Reduce Fraud In $4 Trillion Trade Finance Field appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

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