Use blockchain to link banks and shipping ft. Cathay Pacific Financial Holdings Global Trade Sharing Blockchain

Hi! This is a podcast program of Block Potential, which discusses the application of blockchain in international trade. Click here to listen .

block potential

One-person media, providing blockchain content that speaks people's words. 2 original articles and 1 episode of interviews are published every week to discuss the application, legal and technical issues of blockchain.

Block Situation is the top 3 popular program in Taiwan's technology podcast list, with 10,000 people leaving emails to receive the latest public content regularly.

If you think the block potential is doing well, there are more public articles at the end of the article, or you can unlock all the articles and support the independent operation of the block potential with a paid subscription ($8 monthly fee / $80 annual fee).

Use blockchain to link banks and shipping ft. Cathay Pacific Financial Holdings Global Trade Sharing Blockchain

This episode discusses the application of blockchain in international trade. Recently, Cathay Financial Holdings announced the " Global Trade Sharing Blockchain " and recruited a number of banks to form an alliance to reduce financing risks through data sharing between alliances.

I am quite new to international trade, so I once again invited the Cathay Pacific Digital Holdings Digital Blockchain team (the name is so long) to record a podcast. I got it after recording. Banks make money from the interest on loans, but they are worried that the money they lent will not be recovered, so they have to find ways to verify and reduce risks.

In the past, banks used phone calls to communicate with each other, which was not suitable for complex multi-party collaboration, and the process was time-consuming and labor-intensive. The application of blockchain now is equivalent to transforming the verification work that was originally based on experience into structured digital data and relying on data to speak. Much better than manual phone calls.

Content contains

• What is international trade doing? What is trade finance?
• How is the Global Trade Sharing Blockchain used? What are the benefits for banks?
• The Customs Service is also working on blockchain, how can banks and the government cooperate?
• After banks use blockchain, what are the benefits for corporate financing?
• Why does Cathay Financial Holdings want to build a blockchain for everyone? What's good?
• Blockchain may not be suitable for every bank, which banks are best to join?

Further reading

• Zespri Kiwi in 5 minutes! How does the Customs Service use blockchain to speed up the import of goods? ( public )
• Electric vehicle data on-chain: How does Cathay Financial Holdings use on-chain data to provide financial services? ( member )
• IBM's blockchain applications: Food Safety Profile Food Trust, Shipping Trade TradeLens, Cross-border Remittance World Wire ( Member )

Please rate the trending shows on iTunes, which will help recommend the show to more people. In addition, this is a list of articles on the block potential, which is convenient for you to check the latest and past content at any time.