Earlier this month, Standard Chartered
said it had made a strategic investment in Linklogis, a blockchain-powered supply chain finance platform based in Shenzhen, China.
The bank initially revealed it planned to work with
Linklogis in February last year and disclosed its first transaction
six months ago.
As with most supply chain finance solutions, the key benefit is for smaller and medium-sized (SME) suppliers who gain access to finance because the platform lowers the financing risk. The larger enterprise buyers that bring their suppliers onboard these platforms are usually a client of a bank who provides the funding.
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