Citigroup Unveils Token Services for Institutional Clients

2023-9-19 12:26

In a pilot, Citi used smart contracts to serve the same purpose as bank guarantees and letters of credit working with shipping company Maersk and a canal authority.

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Bank of Canada Runs a Blockchain-based Pilot for a LOC Negotiation Platform

CGI, Group Inc. , a renowned IT, and business consulting firm, announced on October 21 a collaboration with the National Bank of Canada and Skuchain, a blockchain technology company aimed at optimizing the supply chain, in a pilot program to streamline and improve the process for negotiation standby letters of credit and guarantees.

2018-10-23 15:59