;

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.

Trying to get FIT for Trade, Treasury and Risk?

Before you begin getting active in the FIT Zone you must become a member. Simply click on the button below to get started.

Annual membership to the FIT Zone costs as little as £0.41 a day. Get unrestricted access to FIT news, podcasts, webinars and expert interviews

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?

Sign in to post a comment. If you don't have an account register here.

X

The 6th edition returns to Amsterdam for the best networking and discussion in town. Harness the power of the flower at TXF Amsterdam and get psychedelic solutions to your financing needs.

TXF Global Commodity Finance: Amsterdam 2019