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News / Blockchain platform launches, aiming to take the strain out of letters of credit

© Aleutie blockchain
© Aleutie
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Developers of a new blockchain platform believe their system can help tackle the 80% rate of data forgery plaguing the supply chain’s $2.3trn letters of credit (LC) market.

As financial instruments, LCs act as a guarantee of payment between importers and exporters through a system managed, ...

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    blockchain Data forgery financial instrument LC Lite Letters of Credit