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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). ....

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

Tata Steel & HSBC execute a blockchain-enabled, paperless trade transaction
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Hitendra Dave , Tube Plastic Industries , India To Universal Tube Plastic Industries , Tata Steel , Universal Tube , Plastic Industries , Head Global Banking , ஹிதென்திற டேவ் , டாடா எஃகு , நெகிழி தொழில்கள் , தலை உலகளாவிய வங்கி ,

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.
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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 Dave , Peeyush Gupta , India To Universal Tube Plastic Industries , Tata Steel , Universal Tube , Plastic Industries , Vice President , Steel Marketing , Head Global Banking , ஹிதென்திற டேவ் , பீயுஷ குப்தா , டாடா எஃகு , நெகிழி தொழில்கள் , துணை ப்ரெஸிடெஂட் , எஃகு சந்தைப்படுத்தல் , தலை உலகளாவிய வங்கி ,