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HashCash Consultants To Aid Unnamed US Bank With Blockchain Platform

PYMNTS

HashCash Consultants , which works in blockchain, is working with an unnamed U.S.-based based bank to help them finance their corporate trade owing to a sophisticated blockchain platform for B2B payments, a press release says.

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How Collectives Aim To Make Cities Into Blockchain Centers

PYMNTS

Blockchain technology is taking hold in the Southwest, with the help of organizations encouraging development in the space. A group called the Austin Blockchain Collective , for instance, is looking to establish the Texas city as a hub for blockchain innovation.

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StanChart Next To Complete Blockchain Transaction

PYMNTS

Standard Chartered is the latest financial institution to have completed a trade finance transaction via blockchain, the bank announced Thursday (Jan. Using the blockchain platform, Standard Chartered generated digital trade documents for Agrocorp to receive a chickpea shipment from its supplier.

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Go Where No Operations Department Has Gone Before – Instant Settlement

Perficient

The front office is screaming down to the Settlement Office, “Operations, we need more capital!” Adding blockchain to the supply chain improved visibility, allowed automatic purchases through smart contracts, and kept a permanent record of what had been ordered as well as status reporting of all items in the supply chain.

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Bitcoin Daily: Ukraine Regulator To Scrutinize Crypto Sales Above $1,200; Big-Name Telegram Investors Shown In SEC Documents

PYMNTS

In other news, Rostec, a corporation backed by the Russian government, said it would cut spending on blockchain development in the country by half, according to a report by Cointelegraph. Rostec said that introducing blockchain tech into the product labeling system is going to cost ($10.3 The company is going to spend $453.2

Bitcoin 145
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Blockchain Tackles Farming’s Cash Flow Bottlenecks

PYMNTS

“Harvest season is usually when farmers spend their capital, and timely payments is crucial, but the time to get paid is extremely varied depending on who you’re selling to. Mitigating Risk With Blockchain. Even the best payers can delay payment.” ” Farming’s Cash Flow Bottlenecks. Looping In The Banks.

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Blazing a path for blockchain in banking

Insights on Business

According to a report from Santander, blockchain technology is poised to save banks $20 billion dollars a year in infrastructure costs by 2022. Pete Cherecwith, Northern Trust president of Corporate and Institutional Services, avoided viewing blockchain as impressive technology to put to use somewhere.