CIMB Group Singapore Branch Completes First Blockchain-Based Trade Finance Transaction

According to Cointelegraph, CIMB Group Singapore Branch, one of Asia's largest investment banks, has completed its first blockchain-based trade finance transaction using a blockchain and Internet of Things (IoT) developed by local trade finance company iTrust Trading. ) The platform handles it. CIMB aims to minimize the risks associated with commodity trade finance by obtaining real-time monitoring of cargo data in transit and in warehouses.