DBS: Uses blockchain platform

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DBS: Uses blockchain platform

DBS: Uses blockchain platform to resolve cash-flow problems for SMEs

  • DBS Bank is to offer multi-tier financing on a logistics blockchain platform
  • The bank also integrated its digital onboarding API into the blockchain platform
  • It’s allowing DBS to verify the credentials of a supplier within seconds
  • Once credentials are verified, the bank is then able to offer digital trade financing services to upstream suppliers
  • The initiative seen as beneficial to suppliers embedded beyond the first layer of the logistics supply chain ecosystem
  • Then DBS completed its first multi-tier financing transaction on the Rong-E Lian blockchain platform