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How will Mizuhos and IBMs blockchain finance platform work?

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asked Apr 27 by klo (2,410 points)

1 Answer

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answered Apr 27 by melisa (3,130 points)

 The platform exchanges digitized letters of credit for actual trade transactions between Japan and overseas clients. As the letter of credit is digitally shared among parties including importers, exporters and their banks, it is expected to simplify the document creation and exchange processes. Also, the system will enable all parties to view the latest shipment status data, which can result in reduced trade transaction and processing costs.

commented Apr 27 by klo (2,410 points)
Do you know when platform will be released?
commented Apr 27 by melisa (3,130 points)
June I think.

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