Trade Finance - CORDA

Trade finance is a complex cross- border process, largely Paper-based process involving many players and an overwhelming Documentation & Manual Approvals, all this resulting in a poor customer experience.

Trade Finance - CORDA

Technology: R3 Corda

Industry: Finance

Segment: International Trading

Client Region: Europe

The advent of Blockchain marked the beginning of a new era, one which will disrupt every industry and revolutionize the way it operates. From recognized banks to even a shoe company like Nike, Blockchain has seen massive adoption in the past couple of years alone, which bears witness to the promised revolution. Its ability to bring trust and transparency between two parties, eradicating the need for a third party makes it a perfect fit for several industries. One such industry subjected to the might of Blockchain is the industry of Trade Finance.