DBS and Trafigura start Singapore blockchain trade platform

Pedro Gonçalves
clock • 1 min read

Southeast Asia's largest bank DBS and Swiss commodities trader Trafigura have come together to develop an open-sourced blockchain trade platform in Singapore. The platform dubbed as ICC TradeFlow platform will connect trade partners across borders and streamline manual paper-based trade processes to improve trade flows. Infocomm Media Development Authority (IMDA), the International Chamber of Commerce (ICC), Enterprise Singapore and tradetech Perlin are also partners. The announcement said the blockchain platform could potentially reduce end-to-end document transit time to 20 days ...

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