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E-invoicing, SCF & E-procurement

ICC blockchain project to target commodities in Singapore

Monday 3 June 2019 | 02:47 PM CET

Singapore-based blockchain startup Perlin Network and the ICC have established the Centre of Future Trade in Singapore to help companies to digitize trade.

Additionally, government agency Enterprise Singapore plans to work with the ICC and Perlin to target major commodity players. He continued: With Centre of Future Trade, Singapore-based international trading companies will have more opportunities to test and develop strategies and new technologies that will put them in good stead to succeed in the ever-evolving trading industry, according to International Chamber of Commerce officials.

Having ICC as a partner puts the initiative in a strong position, especially while entering a crowded market with numerous blockchain projects already targeting commodities sectors.

In late April 2019, the International Chamber of Commerce (ICC) unveiled the ICC Blockchain/DLT Alliance. The initiative aims to support supply chains and cross border trade finance for its 45 million members.

More: Link
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