Read all the lastest news on dltledger and keep yourself updated on all things #dltledgers.
#dltledgers
Press + Media
Read all the lastest news on dltledger and Keep yourself updated on all things #dltledgers.
As senior banking executives move to fintech, are banks in Singapore losing ground?
Singapore’s fintech firms raised more venture capital in the first nine months of 2019 than in all of 2018. No wonder, then, that senior banking figures are flocking towards tech firms.
Scrapping the paper trail via blockchain technology
Trade finance, essentially, is the bridge between an exporter’s shipment of goods and the importer’s payment against it. Bankers on either side work on the documents and/or finance the transaction on an interim basis. Since a bulk of trade finance transactions are cross-border, information – such as real-time shipping data and credit history – is limited.
Africa’s TDB, Agrocorp complete blockchain trade finance transaction on dltledgers
Today, development finance institution Eastern and Southern Trade and Development Bank (TDB) said it carried out a blockchain trade finance transaction on dltledgers platform along with Singapore’s Agrocorp. The transaction involved a $22 million white cane sugar trade from Asia to Africa. For dltledgers this represented another milestone after it passed the $1 billion mark in transactions using its platform several months bank. The startup says its the first trade on its platform for Africa and the largest single transaction.
UAE IFFCO Group collaborates with dltledgers on blockchain trading platform
IFFCO Singapore Pte Ltd (ISPL), regional arm of the IFFCO Group based in UAE has announced the launch of its new and innovative enterprise grade blockchain platform in collaboration with #dltledgers, an award winning blockchain platform developer based in Singapore. ISPL reported the completion of its first live end-to-end trade in blockchain, moving cross border goods on Palm Oil and its extracts, which is USD100Mn worth of business annually for IFFCO Group from Malaysia/Indonesia to the Middle east.
UAE bank implements blockchain platform for commodity trade finance
The dltledgers platform for commodity trade finance has expanded its reach to the Middle East, with Abu Dhabi Commercial Bank (ADCB) having financed its first transaction using the blockchain-based solution.
ADCB launch real time trade finance for customers on dltledgers Blockchain platform
The UAE’s Abu Dhabi Commercial Bank (ADCB) has digitised trade finance for its customers using the Singapore-based dltledgers Blockchain platform. ADCB today reported completion of its first live end-to-end trade in Blockchain, moving cross border goods for Western Red Spring Canadian Wheat worth USD 6.5m (AED 25m), from Canada to Bangladesh. ADCB is the first bank in UAE to run the end-to-end Blockchain trade finance transaction with full document automation through the dltledgers platform, offering corporate customers efficiencies and faster access to cash.
Blockchain startup processes $1 billion in trade finance
Yesterday Singapore based dltledgers announced that in the last 18 months it has processed more than $1 billion in trade finance on its blockchain trade platform. The company wants to “uberize” the trade finance model. It also recently secured a $2.5 million pre-Series A financing from Walden International.
dltledgers blockchain platform for commodity trade finance expands reach and products
Singapore-based blockchain platform dltledgers will soon expand to Japan, Australia and Dubai, as well as launch two new features that will make it easier and cheaper for commodity traders to access finance for their transactions.
StanChart makes its first Singapore trade finance deal using blockchain
Standard Chartered’s Singapore unit has pulled off its first cross-border trade finance transaction on a blockchain-based platform, after previous initiatives by other arms of the global lender. StanChart tapped startup Distributed Ledger Technologies’ platform to complete an agri-business supply chain deal in one day, instead of the normal five to seven, the bank announced on Thursday.
Euromoney.com says Asia finds a block in blockchain
Original article on Euromoney.com. published on 28th Dec 2018. Here is a short excerpt and we are quote: "But some developments have nothing to do with the bank consortia. For example, DBS – which is, in most respects, a tech leader – does not appear in these big...
DBS, Agrocorp set up blockchain platform enabling real-time updates on commodity trade
Original article from the Straits Times published on 1st Nov 2018 by Seow Bei Yi. SINGAPORE - A new blockchain platform is set to help farmers receive payments for their goods more quickly, enabling parties in the supply chain to look into the sources of their...
dltledgers platform wins IMDA blockchain Challenge
dltledgers, a Singapore based blockchain platform company wins the blockchain challenge from Infocomm media development authority of Singapore (IMDA). dltledgers is a blockchain network with several business blockchain codebase for supply chain, actively subscribed and deployed by several organisations. The award is won for the industry network solution and spreads across the customer acceptance, quality, scalability and robustness of the platform.
dlt.sg signs global partnership with Hyperledger.org to extend its commitment to Hyperledger platform with its patent-pending Supply Chain Apps
25.04.2018 SAN FRANCISCO – April 25, 2018 – Hyperledger (hyperledger.org) and DLT.SG (Distributed ledger Technologies, Singapore) today announced a global partnership, to provide more collaboration and contributions to the open source community, led by...
Hyperledger’s Fabric 1.0 Is Ready to Change the World
11th July 2017 DLT, Singapore joins the global community of engineers who worked to make this happen. Our engineers have contributed as independant contributors to this initiative. We have a business grade blockchain platform for us to innovate as a team today. When...
Singapore Blockchain start up DLT in news – Smart Contract PoC with a large trading house run on SmartCon
11th March 2018 DLT Singapore completes yet another successful PoC for international trade in Blockchain. SmartCon Platform, which runs autonomous trade was used end to end for trading Veneer & wood products across the continents. "This was a unique and...
How Singapore’s first trade finance digital registry works
Original post by Karry Lai, International Financial Law Review Blockchain startup DLTLedgers and the banks involved in the project share insights...
DBS, StanChart lead industry workgroup to develop Trade Finance Registry pilot
Original post - The Business Times LOCAL lender DBS and Standard Chartered have jointly led a workgroup of 12 other banks to create and...
CNBC – Singapore reshapes its supply chains to stay resilient against shocks like the coronavirus
Original video by cnbc.com Singapore reshapes its supply chains to stay resilient against shocks like the coronavirus From food security to supply...
Blockchain can shield banks from billion-dollar trade finance scandals, says exec
Original article by Coin Telegraph. Written by Mohammad Musharraf Blockchain can help the trade finance industry prevent billion-dollar scandals and...
#dltledgers in advanced talks to raise US$9M Series A
Original article by Sainul Abudheen K dltledgers, a blockchain-powered cross-border trade digitisation startup based out of Singapore, is in...
Want to reduce cross-border shipping costs? Here’s one next-generation solution
By Teymoor Nabili | Tech for Impact | 9 June 2020 The process of shipping one container of soybeans from Brazil to China will generate, by some...
Blockchain Platform dltledgers Joins Singapore Government’s Networked Trade Platform
Singapore, 20th May 2020 - dltledgers, a leading blockchain platform for cross-border trade digitization, has announced its integration with...
Indian farmers go digital, reaching customers directly to combat the impacts of COVID-19
Freshstack Technologies, the company behind FarmFirst, India’s leading agri-commodities marketplace, announced today that it will be adopting blockchain technology to allow end-to-end digital trading for its 23,000 farmers and commodity traders.
Recent News
#dltledgers blogs : Lending and Code of best practices
Singapore-based Trade Finance Platform #dltledgers Lands USD $7 Million Series A Funding Round and Migrates its Blockchain-based Solutions to Corda
Blockchain & Future of Trade – Goodbye Documents
Digitizing global trade – DBS (and dltledgers) lead the way
Singapore authorities seek end to paper-based trade
dltledgers, Singapore
Block 81 Ayer Rajah Crescent, #01-65, JTC LaunchPad@One-North, Singapore 139967
Contacts
+65 68168180
sglabs@dlt.sg
dltledgers Centre, India
CED, Red Cross Road, Trivandrum 695035, India
Contacts
+91 9847074974
inlabs@dlt.sg
AL Maqam Tower, Abu Dhabi Global Market.
Abu Dhabi.
United Arab Emirates.
Contacts
+971 2 418 7626
dltledgers,Japan
3F, Shinjuku DaiNana Hayama Building, 1-36-2 Shinjuku, Shinjuku-ku, Tokyo 160-0022, Japan
dltledgers New Zealand
Contacts
Ramprakash Govindarajulu
rampg@dlt.sg
+64 210 284 5998
Raj Vangala
rajirv@dlt.sg
+64 21 960 863
Contacts
K.Yuthadej
yuthadejp@dlt.sg
+66 82 844 4459
dltledgers
Hong Kong - Partner
Contacts
Ryan Wen
ryan.wen@novus-consulting.com
Ranjan Raj
Abu Dhabi.
United Arab Emirates.
Ranjan Raj
