Dixy, Russia's third-largest retailer, uses Ethereum technology to streamline trade finance processes

According to CoinDesk, Russian blockchain startup Factorin recently announced that it is launching a new trade financing platform based on the Ethereum blockchain. Dixy, Russia's third-largest retailer, will be the main player, Russian bank Alfa Bank and Pervouralskbank. Will also join the platform next. The platform allows Dixy's suppliers to receive payments within one business day.