Wave Brings Blockchain Trade Finance Trial to Barclays

Wave Brings Blockchain Trade Finance Trial to Barclays

Blockchain-based supply chain startup Wave graduated from the TechStars FinTech accelerator this week, in the process becoming the third firm to ink a deal with UK bank Barclays, which provides non-monetary support to the startup program. Though the deal may not be as impactful to the industry at large as Barclays's attempt to lift its banking blockade on bitcoin businesses with the help of Chainalysis, the bank's interest in Wave signals that enterprise banks may be interested in the application of the blockchain to trade finance. Formerly called OGYDocs, Wave's product will be leveraged....


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Barclays Completes Blockchain Trade Finance Transaction

A big bank trade finance trial has borne fruit. Barclays reported today that two partners (agriculture co-operative Ornua and food product distributor Seychelles Trading Company) were able to successfully transfer trade documentation via a blockchain platform created by its accelerator program graduate, Wave. The Israel-based startup graduated from the TechStars FinTech accelerator last fall, at the time indicating it was using custom technology on top of a blockchain to facilitate the transfer of trade documents. In statements, Barclays head of trade and working capital Baihas Baghdadi....

Barclays Uses Blockchain To Conduct Its First Trade Finance Transaction

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How Standard Chartered is Using Ripple to Rethink Trade Finance

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