ADB completes first credit guarantee using blockchain technology over Contour network | Global Trade Review (GTR)

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The Asian Development Bank (ADB) has successfully completed its first credit guarantee transaction using distributed ledger technology through its trade and supply chain finance programme, with Standard Chartered and the Bank for Investment and Development of Vietnam (BIDV). The letter of credit (LC) transaction was conducted over the Contour network, a blockchain-based open industry platform, …

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