Egypt expands customs handling via blockchain and goes multimodal
Following the launch of its National Single Window for Foreign Trade Facilitation (NAFEZA) last year, Egypt’s ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
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%.
Comment on this article