From paper to blockchain: Transforming trade finance
Trade finance is complicated and paper-intensive, which can result in delayed buyer and seller transactions. The Bank of Montreal, Royal Bank of Canada, Mitsubishi UFJ Financial Group and National Bank of Canada partnered with CGI to integrate Trade360 with Skuchain’s blockchain platform to solve the paper bottleneck.
The project led to groundbreaking interoperability and an end-to-end, purchase-to-pay solution that eliminates paper, time and effort, while increasing transparency, security, and working capital efficiency.
Read press release on cgi.com