Blockchain to Streamline Cumbersome International Trade Transactions
CryptoCurrencyWire Editorial Coverage: Within the international trade and finance sector, logistic companies need to better streamline their payments and documentation flow. A methodology to solve this issue in the FINTECH marketplace is blockchain technology applied to Supply Chain Finance. This allows encrypted data on all facets of international transactions, from payments to bills-of-lading to delivery data, and for the accumulating record to be privately shared among banks, shippers and traders. With the formation of its new SecurCapital Corp. subsidiary, Global Payout, Inc. (GOHE) (GOHE Profile) is addressing the supply-chain finance needs of mid-tier logistics companies while joining a growing number…