Proof of concept establishes seamless interoperability between CGI Trade360 platform, a trade finance platform used by banks in 90+ countries worldwide, and Skuchain's blockchain-based Brackets platform for smart contracts
Blockchain in the U.S.
A model for transparency and immutability
At CGI, we take a practical, mission-driven, technology-neutral approach to blockchain. We recognize that introducing new concepts such as blockchain signifies not just a technology evolution but also a redesign of traditional business models to better enable trusted data sharing.
Primary tabs
Trade
finance,
whether
conducted
on
a
domestic
or
international
basis,
can
be
a
paper-intensive,
costly
and
risk-laden
proposition,
involving
not
just
companies
importing
and
exporting
goods
and
services
but
also
their
banks,
insurers
and
others.
The
use
of
blockchain
technology
...
Blockchain, or distributed ledger technology (DLT), provides a decentralized record of data which is shared and synchronized with all of its participating members. This rapidly emerging technology allows data to be agreed upon, stored and updated in near real time on a cryptographically secured distributed ledger. It also enables the data to be accessed transparently by numerous authorized participants.
The financial services industry has been at the forefront of launching blockchain proofs of concept (POCs), and CGI has successfully blended our domain expertise and blockchain knowledge for POCs for financial services and other private and public sector clients.
