21
Apr
18:56
UAE pipemaker, Tata conduct landmark blockchain finance deal
HSBC has executed the steel industry’s first blockchain-enabled, live trade finance transaction, the bank claims, between United Arab Emirates welded pipemaker Universal Tubes and India’s Tata Steel.
The Contour blockchain platform enabled end-to-end digitisation of the documentation required for Universal Tubes to import its order of flat carbon steel to the UAE from Tata Steel in India. “The transaction is a real case scenario of the operationa…
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Anonymous
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