Agrichemical products were shipped from South Korea to Bangladesh using an entirely paperless process.
Syngenta, HSBC complete trade finance deal on TradeLens
TradeLens, a digital platform launched by IBM and A.P.Moller-Maersk, announced the completion of an innovative letter of credit between HSBC and Syngenta using a digital bill of lading based on blockchain technology. "Agrichemical products were shipped from South Korea to Bangladesh using an entirely paperless process. The milestone demonstrates an important step in modernising trade finance and supply chain efficiency across the global trade ecosystem," according to a release from Maersk.
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