Standard Chartered, Trafigura and Advario complete electronic oil financing
The transaction was carried out via SGTraDex and demonstrates another use case for the blockchain-based data-sharing platform.
Standard Chartered Bank, commodities trader, Trafigura and storage firm, Advario, have completed an electronic oil inventory financing via Singapore Trade Data Exchange (SGTraDex), according to a joint announcement by the supply chain players. The transaction marks the latest example of how digitalisation is permeating global trade.
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