Fintech, News

Infosys and banks develop blockchain solution for trade finance

Infosys Finacle has formed a blockchain-based trade network India Trade Connect with seven Indian banks: Axis Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank, South Indian Bank and Yes Bank.  The network will pilot a trade finance processing solution built by the company, aimed at reducing transaction time and improving transparency,  reported by… Continue reading Infosys and banks develop blockchain solution for trade finance

Blockchain, Events

China’s Belt and Road Initiative to build blockchain infrastructures in developing countries

In 2014, China established the $40 billion Silk Road Fund to finance their One Belt, One Road initiative and they have made investments in several key projects since its inception to put total costs closer to $1 trillion. According to McKinsey & Company, more than 60 countries and 200 enterprises, with a combined GDP of… Continue reading China’s Belt and Road Initiative to build blockchain infrastructures in developing countries