How Standard Chartered is Using Ripple to Rethink Trade Finance
As the dust settles around a steady stream of positive blockchain buzz from major banks, a consensus on use cases that major institutions believe the technology can be applied to is beginning to emerge. One of the more often-heralded use cases is international trade, with institutions having presented a willingness to back efforts related to supply chain, using the technology to secure a chain of custody for physical goods, as well as trade finance – the process by which the movement of these goods is financed as part of the delivery process. So far, IBM has openly touted the supply chain....
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Singapore's DBS Bank has reportedly partnered with multinational banking firm Standard Chartered to create a distributed ledger project for trade finance. Bloomberg reports officials at both firms stated today that they have completed initial testing for the idea, and that they are seeking to collaborate with other firms on the initiative in 2016. While light on details, the article went on to indicate that DBS and Standard Chartered were considering various distributed ledger technologies to achieve project goals. The article reads: "In pursuing the technology that underpins....
Standard Chartered Bank has become the latest major bank to enter the metaverse. The bank has acquired “virtual land at The Sandbox metaverse’s Mega City district, a culture hub based on or inspired by Hong Kong talents.”
Standard Chartered Bank Forays Into the Metaverse
Standard Chartered Bank announced Tuesday that its subsidiary, Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), has partnered with The Sandbox, a popular blockchain virtual gaming platform, “to create [a] metaverse experience.”
Standard Chartered is a leading global....
London-based Standard Chartered and Singapore-based bank DBS have partnered together to develop a distributed ledger for trade finance in Singapore after successfully testing the technology among each other. As reported by Bloomberg, the two banks are coming together to work and develop a distributed ledger in order to make transactions simpler and more transparent in trade finance. The publication adds that the two banks have tested the distributed ledger between themselves, successfully, and will invite other companies to collaborate with the now proof-of-concept system in 2016. The....
Major banking corporation Standard Chartered is launching a cryptocurrency exchange and brokerage service, giving its clients access to cryptocurrencies, such as bitcoin and ether. Standard Chartered joins a growing list of major banks worldwide that have embraced cryptocurrency. Standard Chartered Bank Diving Into Crypto Standard Chartered PLC (STAN.L) said Wednesday that the bank’s innovation arm, SC Ventures, will establish a cryptocurrency brokerage and exchange platform. The new exchange will be a joint venture between SC Ventures and BC Technology Group (0863.HK), a Hong....
DBS and Standard Chartered will soon launch a trade finance platform for central banks worldwide. The Singapore-based multinational banking entity DBS and Standard Chartered have completed the proof-of-oncept of their blockchain trade finance platform called the Trade Finance Registry.The two entities developed the PoC in collaboration with 12 other banks on top of the blockchain platform of Singapore-headquartered company dltledgers. dltledgers told Cointelegraph that the banks involved in the project now intend to launch the platform for commercial use by central banks around the....