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A global first: Tata Steel-HSBC do blockchain-enabled paperless trade deal

Tata Steel together with HSBC has executed a blockchain-enabled, paperless trade transaction a global first for the steel industry. The live trade finance transaction involved the export of steel by Tata Steel, India to Universal Tube & Plastic Industries, UAE, the steel producer informed via release today. The end-to-end paperless trade transaction, executed over the Contour platform was made possible by a unique collaboration pivoted by Tata Steel across the spectrum over the Contour and essDOCS platforms. The Letter of Credit (LC) was issued by HSBC UAE for Universal Tube & Plastic Industries, UAE (importer) with HSBC India as the advising and negotiating bank for Tata Steel, India (exporter).

Peeyush guptaTube plastic industriesIndia to universal tube plastic industriesTata steelUniversal tubePlastic industriesTata steel hsbcLockchain steel exportsSteel industryPaperless transactionபீயுஷ குப்தாடாடா எஃகுநெகிழி தொழில்கள்

Tata Steel & HSBC execute a blockchain-enabled, paperless trade transaction

Tata Steel & HSBC execute a blockchain-enabled, paperless trade transaction
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Tata Steel, HSBC execute a blockchain-enabled, paperless trade transaction

In a first, Tata Steel, HSBC execute blockchain-enabled transaction Tata Steel and HSBC successfully executed a blockchain enabled transaction, a global first for the steel industry. This transaction was executed on Contour s blockchain platform, a statement said. Bitcoin crashes by 12% to $52,149 in less than 24 hours; other cryptocurrencies Ethereum, XRP and Stellar feel the heat Tata Steel along with HSBC has executed a blockchain-enabled trade transaction a global first for the steel industry. Tata Steel and HSBC successfully executed a blockchain enabled transaction, a global first for the steel industry. This transaction was executed on Contour s blockchain platform, a statement said.

Hitendra davePeeyush guptaIndia to universal tube plastic industriesTata steelUniversal tubePlastic industriesVice presidentSteel marketingHead global bankingஹிதென்திற டேவ்பீயுஷ குப்தாடாடா எஃகுநெகிழி தொழில்கள்துணை ப்ரெஸிடெஂட்எஃகு சந்தைப்படுத்தல்தலை உலகளாவிய வங்கி