Major Asian bank issues credit on SCB-backed blockchain

  • 1
  • 12

Major Asian bank issues credit on SCB-backed blockchain The Asian Development Bank (ADB), headquartered in the Philippines, has settled its first letter of credit (LC) transaction using the Standard Chartered-backed Contour blockchain network.The trade was a part of ADB’s trade and supply chain program and involved Standard Chartered (OTC:SCBFF) and the Bank for Investment and Development of Vietnam.

Comments

Leave your comment