In a recent article focussing on Blockchain applications in trade finance, lending and cross-border payments, the Global Finance Magazine reported that financial institutions are investing in blockchains proofs of concept and test pilots that still allow them to exert some influence.
In regards to the DHL receivables finance program presented at the Money 2020 conference, Dani Cotti, CFO of TradeIX said “Using the blockchain, we’re able to easily connect all of DHL’s corporate clients together with other value-added providers and banks,” Cotti told the audience. “Each of these parties is a node on DLT. They’re able to connect seamlessly, without host-to-host connections or having to send emails or PDFs. Trade finance on blockchain is very real.”
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