250 Corporates Join ICICI’s Trade Finance Blockchain Platform

Indian banking giant ICICI, the country’s second-largest private bank, has roped in 250 corporates to conduct both domestic and international trade finance transactions on its ‘custom-made’ blockchain platform. In a major pivot that underlines the growing confidence in decentralized blockchain technology, ICICI bank has pointed to corporate firms and giants undertaking various types of transactions over ICICI’s blockchain tech such as cross-border salary payments to employees, domestic vendor payments and payments for raw materials, among others. Some of “the country’s leading companies” have signed up for the blockchain application, a…

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