;

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

Bringing together the leaders of export, commodity & project finance in the region, we discuss the continent's continual need for infrastructure financing to the latest technologies in the agri world.

TXF Africa 2019