Trade Finance

August 20, 2020

Trade Finance application on Blockchain is robust architecture and defining letter of credit for the application. Hence, we identified the parties that had to be included on the application and so we defined their respective node structure. The node structure defined the node of the party on the Corda DLT platform which was accessible through an RPC connection.

Next, We developed a customized smart contract structure to issue the LC on the DLT platform.. The LC was saved as a draft on the immutable ledger which was shared among the different parties as per the traditional use case. Key Corda features such as states, contracts, and flows were the basic building block of the application.