U.S. Bank executes its first fully blockchain-based trade finance transaction

U.S. Bank executes its first fully blockchain-based trade finance transaction

U.S. Bank has completed its first fully digital trade finance transaction, as financial institutions move away from paper-based processes in international trade. The Minneapolis-based bank is the first American lender to execute a transaction using WaveBL, a blockchain platform that enables encrypted document transfers between trading partners and their financial institutions.  “Our clients are looking for smarter, more efficient ways to manage …