HSBC executes blockchain-enabled trade transaction for AMNS and UAE's Universal Tube

In the transaction, ArcelorMittal Nippon Steel (AMNS) sold goods to Universal Tube, and the transaction was end-to-end paperless carried out on a platform built on blockchain technology, it said, adding that it involves digitisation of the end-to-end 'Letter of Credit' (LC) transaction.

from Banking/Finance-Industry-Economic Times https://ift.tt/3Fft3IC