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Ascend Bit Company announces strategic partnership with #dltledgers, A leading Multi-Party Extended Supply Chain Business Network Platform.

MESCBN platform to fast-track CP Group's Supply Chain Digitisation across the world SINGAPORE, Nov. 3, 2022 /PRNewswire/ Ascend Bit Company, a blockchain company of the CP Group, today announced a strategic partnership #dltledgers, a Multi-Party Extended Supply Chain business (MESCBN) platform at Singapore Fintech Festival. This partnership aims to bring this platform to all group companies of CP, specifically in Retail, International Trade, Automotive, Manufacturing, Financial Services, and distribution and logistics. #dltledgers' platform enables multi-party transactions across enterprises by activating, formulating, collaborating, reconciling, resolving, and validating transactions using smart contracts. The digitalization of multi-party transactions providesauthenticity and enables a large part of sustainability and financing initiatives with suppliers and distributors. It is industry agnostic and can be subscribed to and run by any enterprise with an external network of s ....

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FINTECH attracts senior talents as investment ramps up in Asian Trade Finance centre

FINTECH attracts senior talents as investment ramps up in Asian Trade Finance centre
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Commodity blockchain platforms: booming business? | Global Trade Review (GTR)


While commodity finance players have been rocked by the effects of Covid-19, the oil price crash and fraud cases in Singapore, business is reportedly booming for blockchain platforms that target the sector. But to what extent can these technology solutions combat fraud, and will the decision by key banks to limit their exposure, or even exit commodity finance altogether, limit their potential to reform the industry?
Felix Thompson reports.
 
From the large banks left exposed to fraud in Singapore to the smaller traders left struggling to access financing, various players felt the pinch in the commodity finance sector last year. ....

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