Blockchain startup processes $1bn in trade finance

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Judging by the scale of transactions now being made across blockchain ledgers, the technology is now beyond the development phase. Insight Ledger reports that Singapore-based blockchain developer dltledgers, which combines blockchain with trade finance, claims to have seen over $1bn in deals over its platform in the past 18 months. The big recent customer is Agrocrop, which is now bringing 4,500 Australian food producers onto the platform, and has already processed 50 orders that amounted to some $100m, while at the sometime seeing its own costs reduced by 15-20%.