Tag archives: Blockchain

Digitisation of trade finance transactions

Photo of Steve ChemalyPhoto of Darragh MeakerBy Steve Chemaly and Darragh Meaker on Posted in General
The paper-based nature of trade finance presents significant risks of error, fraud and duplicated costs. The COVID-19 pandemic has revitalised efforts towards digitisation, because the transport of these documents is dependent on courier services and the processing is dependent on in-person handling. The International Chamber of Commerce (ICC) called on governments and central banks in … Continue reading

Digitizing the insurance value chain

Photo of Patrick Bracher (ZA)By Patrick Bracher (ZA) on Posted in Insurance
If you are interested in using hi-tech to get your insurance or other financial services business to the front of the curve, you should read this. The Norton Rose Fulbright global team, in association with R3, has published a paper on applying blockchain and distributed ledger technology in the insurance sector. R3 is a leading … Continue reading

Unblocking the blockchain

Photo of Kerri Gevers (SG)By Kerri Gevers (SG) on Posted in General
Blockchain is the latest buzzword in the FinTech world. This technology on which the Bitcoin network is built has the potential for numerous applications in the financial services and other industries, including smart contracts, clearing and settlement, trade finance, micro-lending and supply chain management. What is a blockchain? A blockchain is a public ledger or … Continue reading

Blockchain – our Uber takes on syndicated lending and secondary market trades

Photo of Steve ChemalyPhoto of Rohan Isaacs (ZA)By Steve Chemaly and Rohan Isaacs (ZA) on Posted in Banking
In our previous articles in this series we argued that banks can create new markets for themselves in trade finance by providing digitised letters of credit or trade finance instruments for the movement of both digital and physical goods using blockchain. We also highlighted the fact that Barclays, together with the Israeli start-up Wave, may … Continue reading

Blockchain – in the real world of trade and commodity finance, how will this Uber work?

Photo of Steve ChemalyPhoto of Rohan Isaacs (ZA)By Steve Chemaly and Rohan Isaacs (ZA) on Posted in Banking
In our last article in this series we argued that banks can create new markets for themselves in trade finance by providing digitised letters of credit or trade finance instruments for the movement of both digital and physical goods using blockchain. We likened the ease of transacting in this way to the simplicity of ordering … Continue reading
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