In the transaction, ArcelorMittal Nippon Steel (AMNS) sold goods to Universal Tube, and the transaction was end-to-end paperless carried out on a platform built on blockchain technology, it said, adding that it involves digitisation of the end-to-end 'Letter of Credit' (LC) transaction.
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Monday, October 4, 2021
HSBC executes blockchain-enabled trade transaction for AMNS and UAE's Universal Tube
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