According to Reuters, Hong Kong’s banking regulator and seven banks, including SME Finance Forum member Standard Chartered PLC said they will jointly launch a trade finance platform in September using blockchain technology. Reuters says the platform will be one of the largest examples globally of a government-led, cross-bank effort to reform the multi-billion dollar trade finance sector using the distributed ledger technology that underpins digital currencies such as bitcoin.
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Member News: Standard Chartered to Jointly Launch a Trade Finance Platform
![Member News: Standard Chartered to Jointly Launch a Trade Finance Platform Member News: Standard Chartered to Jointly Launch a Trade Finance Platform](https://smefinanceforum.org/sites/default/files/styles/720x486/public/post/images/Media_1440x760.jpg?itok=PzVxxCWb)
Jul 19, 2018
Financial EducationPolicy & RegulationCredit Risk & ScoringDigital Financial ServicesDigital Transformation