Today Standard Chartered
announced it completed the first blockchain transaction with supply chain finance company Linklogis. The financing was for upstream suppliers of Digital Guangdong, a joint venture between Tencent, China Unicom, China Telecom and China Mobile.
Digital Guangdong develops digital government services. So far, it has released 700 applications and processed more than 200 million transactions.
The Linglogis’ blockchain “WeQChain” targets deep-tier supply chain finance. In other words, the suppliers of the supplier. Hence, the aim is to achieve transparency beyond the first tier of suppliers.
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