Trade finance: The latest industry to boost DLT adoption amid COVID-19

The COVID-19 pandemic has triggered the adoption of blockchain and DLT-based business solutions in the global trade ecosystem. As the coronavirus pandemic continues to push more people out of their offices, many companies across the globe are adopting decentralized ledger technology to mitigate its effects and remain operational.  Emmanuelle Ganne, senior analyst at the World […]

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Russia’s largest bank joins blockchain trade finance platform

The Swiss arm of Russia’s largest bank is exploring blockchain-based trade finance. A subsidiary of Russia’s largest bank, Sberbank, has joined a blockchain-based platform for commodity trade finance. Sberbank Switzerland AG has signed an agreement with Swiss trade finance platform Komgo to apply its blockchain-powered trade finance service. Representatives from Sberbank Switzerland AG told Cointelegraph […]

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Citigroup Raises Investment in Ethereum-Based Trade Finance Startup

Major investment bank Citigroup announced it has increased its equity stake in Ethereum-based trade finance platform Komgo. U.S.-headquartered bank Citi has upped its investment in the Ethereum-based decentralized trade financing startup Komgo. Kris van Broekhoven, the global head of commodity trade finance at Citigroup, revealed that the bank has “topped up” its equity in Komgo […]

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Crypto News From Japan: Jan. 6-10 in Review

This week’s news from Japan included falling trading volume, statements on China’s digital currency, a Lisk staking announcement and a blockchain-based letter of credit. This week’s news from Japan included declining trading volume, statements from prominent figures on China’s pending digital currency, a Lisk staking announcement and a blockchain-based letter of credit. Check out some […]

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Lloyds Bank Partners With Blockchain Platform to Streamline Trade Finance

One of the Big Four banks in the U.K., Lloyds Bank, has partnered with blockchain platform Komgo to speed up international commodity trade finance. Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division. Blockchain to streamline international trade process On Sept. 25, United Kingdom financial news outlet FStech reported that […]

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Kaleido Blockchain Implements QEDIT’s Zero-Knowledge Proof Solution

Crypto privacy firm QEDIT’s zero-knowledge proof solution is now implemented by ConsenSys’s enterprise blockchain startup Kaleido. Enterprise blockchain startup Kaleido, a part of ConsenSys’s venture studio, became the first to implement crypto privacy firm QEDIT’s zero-knowledge proof solution. An optional feature QEDIT claims in a press release shared with Cointelegraph on Sept. 15 that this […]

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