Bangladesh: Standard Chartered Issues Letter of Credit on Blockchain

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StanChart conducts countrys 1st blockchain transaction 350x209 1

Standard Chartered Bank has successfully executed Bangladesh’s first blockchain trade transaction by issuing a Letter of Credit over the Contour blockchain network, New Age reports. Letter of Credit Issued on Blockchain In a first for Bangladesh, Standard Chartered Bank issued a Letter of Credit for ready-made garment exporter Viyellatex Ltd. over a blockchain network. Specifically,

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