Digitizing cross-border trade and supply chains

Challenge

• The inefficiencies of paper-based processes along the multiple phases of trade transactions impact cost, complexity, and turnaround times
• Resulting in reduced margins for traditional bank LC business and tough competition for client business from other working capital solutions

Solution

• DLT Ledgers is a “plug-and-play” solution for digitizing cross-border trade and supply chains
• The solution combines the benefits of blockchain, AI and cloud computing in a single platform, reducing transaction cycle times, freeing up working capital and automating expensive, manual processes

Why Corda?

• Chosen for its transaction level privacy, scalability and R3’s 24/7 support

Results

• 4000+ businesses participating, financing or supporting cross border trades
• $3bn transactions to date have been executed on the platform
• Re-platformed from Hyperledger Fabric due to problems with privacy and scalability