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Standard Chartered Completes First Cross-Bank LC Blockchain Transaction Between Vietnam And Thailand

Tracy CHEN

Summary: Per finance feeds, Standard Chartered announces on September 11 the successful completion of the first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain, in partnership with Asian Development Bank (ADB), Bank for Investment and Development of Vietnam and Standard Chartered Bank (Thai). The transaction was completed over the Contour network, ...

Per finance feeds, Standard Chartered announces on September 11 the successful completion of the first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain, in partnership with Asian Development Bank (ADB), Bank for Investment and Development of Vietnam and Standard Chartered Bank (Thai). The transaction was completed over the Contour network, a blockchain-based open industry platform focused on digitising trade finance.

Tracy Chen

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Tags: Standard Chartered Bank
Link: Standard Chartered Completes First Cross-Bank LC Blockchain Transaction Between Vietnam And Thailand [Copy]

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