#TradeIX

[efrost]

Blockchain In Trade Finance and Credit Insurance Market Outlook: World Approaching Demand & Growth Prospect 2022-2027

Latest edition released by AMA on Global Blockchain In Trade Finance and Credit Insurance Market to regulate the balance of demand and supply. This intelligence report on Blockchain In Trade Finance and Credit Insurance includes Investigation of past progress, ongoing market scenarios, and future prospects. Data True to market on the products, strategies and market share of leading companies of this particular market are mentioned. It’s a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global market during the forecast period. Some of the key players profiled in the study are

Finextra (United Kingdom)

Deloitte (United Kingdom)

TradeIX, Ltd. (Ireland)

Bain & Company (United States)

Capco (Belgium)

PYMNTS.com (United States)

McKinsey (United States)

IBM Corporation (United States)

Digital Asset Holdings (United States)

Bitfury (Netherlands)

Huawei (China)

QBE Insurance (Australia)

Atradius (Netherlands)

COFACE (France)

Zurich Insurance Group (Switzerland)

CESCE (Spain)

ICBC (China)

JPMorgan Chase (United States)

Mizuho Financial Group (Japan)

Credit Agricole (France)

HSBC (United Kingdom)

BlockCypher (United States)

Factom (United States)

AlphaPoint (United States)

Symbiont (United States) A blockchain is a data structure that can be used to create a digital ledger of transactions that can be distributed across a digital network using cryptography. The main advantages of blockchain technology in trade finance can be summarized inefficiency, traceability, verifiability, transparency, and security. Transactions are concluded directly between the relevant parties without intermediaries and with digitized information. Traditionally, commercial banks and credit insurers have focused their trade finance offerings primarily on a select number of large corporate clients and occasionally medium-sized companies. From today's perspective, this limited profile of viable trade finance customers means a limited customer base. Banks with an untapped customer base have great potential to increase trading volume and reduce overall costs. In addition, current trade finance solutions offer a poor customer experience with complex, mostly paper-based processes, where information is exchanged between many different parties, which requires a high degree of coordination, time, and effort. Market Trends: Rising Attraction towards Simplified Insurance Claiming Procedures

Integration of Technology of Credit Insurance

Opportunities: Advancements in Technology

An Upsurge in the Efficient Enhancement in Trade Finance Industry

Market Drivers: High Adoption due to Unbalanced Macro-Economic Factors

Growing Demand due to Improving Sales and Accounts Receivable Support Benefits

Challenges: Limited Legal Certainty

Operational Inefficiencies

Presented By

AMA Research & Media LLP

[thecryptoreport]

Accenture Will Board Corporates Onto Marco Polo Shipping Blockchain “We’re processing of many of these transactions already, leading the way with AI, analytics and automation to get to a more streamlined processing,” Melanie Cutlan, managing director of blockchain services for Accenture Operations said.

[full2njoy]

Daimler Carries Out First Transaction on Marco Polo Blockchain Trade Network

Daimler Carries Out First Transaction on Marco Polo Blockchain Trade Network

Automaker Daimler has carried out its first transaction on the blockchain-based Marco Polo trade finance network. The pilot commercial trade transaction saw the firm – which owns Mercedes-Benz among other brands – process the data required to exchange payments with engineering firm and parts builder Dürr, according to a press release sent to CoinDesk on Wednesday. German bank Landesbank…

[the-blockchain-news]

ING Ventures Leads $16 Million Investment in TradeIX

ING Ventures Leads $16 Million Investment in TradeIX

Financial trading platform TradeIX announced an investment of USD 16 million on Thursday, led by ING Ventures, the venture capital arm of ING Bank. The Series A investment was also backed by Kistefos, BNP Paribas and Tech Mahindra.

TradeIX is an open platform for trade finance and uses blockchain technology. The platform is powered by application programming interfaces (APIs). These connect with…

[dailycryptocurrencynews-blog]

DHL Announces Partnership With Global Blockchain Trade Finance Platform TradeIX

DHL is partnering with blockchain business finance platform TradeIX, consistent with a presentation these days, June five, on the Cash20/20 convention in Amsterdam. Becky Taylor, Vice President of Commercial at DHL Supply Chain UK and Ireland, spoke about how the corporate has been having a look to “create more efficient networks” thru digitization, together with…

DHL Announces Partnership With Global Blockchain Trade Finance Platform TradeIX was originally published on Daily Cryptocurrency News

[cryptonews24-blog]

DHL Announces Partnership With Global Blockchain Trade Finance Platform TradeIX DHL is partnering with blockchain trade finance platform TradeIX, according to a presentation today, June 5, at the Money20/20 conference in Amsterdam.

[adalidda]

Photo: TradeIX is rewiring trade finance by providing the most connected and secure platform infrastructure for banks, asset managers, B2B networks and value added service providers (credit: TradeIX)

TradeIX Launches First Open Blockchain Platform for Trade Finance

"The $8 trillion trade finance market underpins every aspect of the global economy, but it operates through high-cost, high-maintenance, time-consuming processes that involve multiple bilateral, paper-based transactions. This has made global trade extremely complex and exclusive, and unnecessarily costly for corporates, banks and other participants in the trade finance market,” said Rob Barnes, CEO of TradeIX. “The TIX Platform by TradeIX represents the dawn of the “internet of trade” and it has the potential to transform trade finance. The efficiencies and capabilities made possible with our TIX Platform enhance the value proposition for every party involved in trade and the supply chain. Banks can lower processing and back-office costs, improve current commercial offerings and generate new financeable assets, all while increasing traceability and reducing risk. Corporates can benefit from making siloed data available securely to many of their trading partners. Additionally, they get access to competitive funding for different trade assets. And B2B networks can provide blockchain capabilities to their customers and generate additional revenue streams by using our platform to give their clients access to multiple financial institutions offering trade finance.”

Check more https://adalidda.com/posts/5ptdqrDJeTz6k7CFu/tradeix-launches-first-open-blockchain-platform-for-trade

[careerxlsstudyabroad]

Did you hear about the new jobs announced in Ireland this week?

~CXL~

Good news if you’re looking for a role in Ireland’s tech scene: this week we reported on a total of 140 roles announced across the island of Ireland.

If you’re on the job hunt in Ireland, you may be excited to hear that there were a number of new roles announced across the island this week.

Fintech platform provider TradeIX revealed plans to expand its Dublin headquarters, creating 70 new positions in the process. The company is seeking applicants for roles in engineering, sales, customer service and product development.

“We are building the world’s first distributed trade finance platform powered by Corda blockchain technology, and the Irish operation plays a pivotal role in developing and scaling the company’s solutions,” said TradeIX founder and CEO Robert Barnes while celebrating the news.

Read More at https://www.siliconrepublic.com/jobs/hiring-ireland-workhuman-accenture

[hotbollywoodnews]

Banks Take Sides as Blockchain Trade Finance Race Heats Up

NatWest, part of Royal Bank of Scotland, has joined Marco Polo, a blockchain consortium started by R3 and trade finance specialist TradeIX. NatWest, part of Royal Bank of Scotland, has joined Marco Polo, a blockchain consortium started by R3 and trade finance specialist TradeIX.

[excelvisibility-blog]

Bangkok Bank Joins R3’s Trade Finance Blockchain Initiative

New Post has been published on https://masscryptocurrency.com/?p=3205

Bangkok Bank Joins R3’s Trade Finance Blockchain Initiative

Bangkok Bank Joins R3’s Trade Finance Blockchain Initiative Bangkok Bank has joined the Marco Polo trade finance initiative developed by blockchain software startup R3 and trade finance technology firm TradeIX. The Marco Polo platform is aimed to make trade finance simpler and more risk-free using blockchain technology instead of manual, paper-based processes, and already boasts…

The post Bangkok Bank Joins R3’s Trade Finance Blockchain Initiative appeared first on Altcoin Today.

Altcoin Today

[thecryptoreport]

R3 Completes Trade Finance Blockchain Trial With More Than 70 Organizations Banks involved in this month’s trial included Dutch bank ABN AMRO, Mexican bank Banorte, Boston-based Citizens Bank, Frankfurt-based Commerzbank, Hong-Kong based Bank of East Asia and the Saudi British Bank.

[francessgarcia]

DHL Announces Partnership With Global Blockchain Trade Finance Platform TradeIX

DHL and TradeIX announce a partnership for blockchain trade financing at the Money20/20 conference in Amsterdam today

DHL Announces Partnership With Global Blockchain Trade Finance Platform TradeIX published first on https://cointelegraph.com/

[levigilantfr]

Accenture investit et forme une alliance stratégique avec TradeIX pour aider à numériser le commerce mondial

[brettzjacksonblog]

Accenture Will Board Corporates Onto Marco Polo Shipping Blockchain

Accenture plans to help TradeIX create new use cases beyond banking for buyers and sellers within trade finance after backing the Marco Polo tech partner. from CryptoCracken SMFeed https://ift.tt/2Q5DJ47 via IFTTT

[michaelbennettcrypto]

Accenture Will Board Corporates Onto Marco Polo Shipping Blockchain

Accenture plans to help TradeIX create new use cases beyond banking for buyers and sellers within trade finance after backing the Marco Polo tech partner. from Cryptocracken WP https://ift.tt/2Q5DJ47 via IFTTT

[xrpvibe]

National Australia Bank Joins Marco Polo Network Marco Polo is one of the fastest-growing trade finance business networks. It is a joint undertaking with trade finance technology firm TradeIX, working with enterprise software firm R3 and a network of the world’s leading financial institutions.