Commerzbank and LBBW: Set a new blockchain milestone

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Commerzbank and LBBW: Set a new blockchain milestone

Commerzbank and Landesbank Baden-Württemberg (LBBW): Set a new blockchain milestone

  • The delivery traveled on the blockchain from Germany to Taiwan
  • For the first time, automatic matching of trade data completed with the integration of a logistic provider, Logwin
  • Logwin AG also entered the transport details directly into the network in real time
  • In the future, Commerzbank want to look at other potential parties in the trade transaction process
  • Just as before, the transaction took place between mechanical engineering group, Voith, and manufacturing supplier, KSB
  • The transaction via the Marco Polo trade finance network and also built on R3’s distributed ledger technology (DLT) platform, Corda