06 Aug Trade Finance Blockchain Consortia: Merge or Interoperate?
21 June 2018
There are numerous consortia addressing trade finance, including four which are international. As the first one gets closer to launch (we.trade), the question is whether there’s room for so many. There’s already talk of mergers.
CryptoBLK is working with HSBC on Voltron and on R3’s Bolero bill of lading system. In addition, they’re developing an open account trade finance project on Corda with Novamondo. CEO and founder Duncan Wong started the company partly out of frustration with the lack of production-ready platforms.
As a technology provider working with different blockchains and ledgers, he doesn’t see the interoperability issue as a technical one. He’s comfortable transferring data from one ledger type to another and agrees that governance is a big issue.
Read more at Ledger Insights, here.