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LC LITE work: Streamlining LCs on blockchain

The Letter of Credit (LC) market accounts for $2.3 trillion and has always been dominated by banks. But now, LC LITE has rolled out technological alternatives to LCs by putting loan documentation flow on its new blockchain-based platform, with one major commodity trader already on-board.

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Comments (1)

  • Whitman Knapp
    Whitman Knapp, GTBInsights LLC 5 March 2019

    What is the legal framework supporting the payment element of a trade transaction on the digital ledger?

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