{"id":332232,"date":"2021-08-30T12:18:53","date_gmt":"2021-08-30T09:18:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/standard-chartered-launches-blockchain-trade-platorm-with-chinese-fintech\/"},"modified":"2021-08-30T12:18:53","modified_gmt":"2021-08-30T09:18:53","slug":"standard-chartered-launches-blockchain-trade-platorm-with-chinese-fintech","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/standard-chartered-launches-blockchain-trade-platorm-with-chinese-fintech\/","title":{"rendered":"# Standard Chartered launches blockchain trade platorm with Chinese fintech"},"content":{"rendered":"<p>&#8220;<strong># Standard Chartered launches blockchain trade platorm with Chinese fintech <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvYzlkNGI0NzYtZjdmMC00ODcwLTljNjgtOGJiYzg4NmVkOWI2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>United Kingdom-based multinational banking firm Standard Chartered (StanChart) has launched a blockchain-powered trade finance platform through a joint venture with Chinese supply chain finance <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> provider Linklogis.<\/p>\n<p>Dubbed Olea, the platform will aim to meet the needs of institutional investors that are \u201cseeking opportunities in an alternative asset class with businesses requiring supply chain financing,&#8221; according to a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.koreaherald.com\/view.php?ud=20210830000777\">report<\/a> from The Korea Herald published Aug. 30.<\/p>\n<p>The joint venture operating the platform will be headquartered in Singapore, where Amelia Ng from StanChart\u2019s SC Ventures will lead as its CEO. Letitiat Chau, Linklogis\u2019 vice chairman and chief risk officer, will serve as deputy CEO.<\/p>\n<p>StanChart <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.euromoney.com\/article\/28zaiovbam7unugoud05c\/fintech\/standard-chartered-launches-digital-blockchain-trade-finance-platform-in-singapore\">became<\/a> Linklogis\u2019 first global bank investor in 2020, one year after the two entities had signed a memorandum of understanding to jointly explore and develop solutions for the supply chain finance ecosystem. The bank has previously worked with China-based fintech leaders that include Alipay owner Ant Group, whose Antchain-based global trade platform Trusple has been used by StanChart, Citi, DBS Bank, Deutsche Bank and many others.<\/p>\n<p>Olea is reportedly expected to help StanChart raise its profile in global digital trade finance and the choice to implement a blockchain infrastructure continues the bank\u2019s ongoing engagement with the technology. Other multinational banks who have t<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed blockchain for trade finance specifically include HSBC, BNP Paribas and Citi, whose joint platform was readied for commercial launch in Singapore in the second quarter of 2020.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Trade finance: The latest industry to boost DLT adoption amid COVID-19<\/em><\/strong><\/p>\n<p>StanChart has itself previously collaborated on using blockchain for trade finance with many of these same banks through the eTrade Connect blockchain trade finance platform launched in Hong Kong in 2018.<\/p>\n<p>That same year, the digital trade finance platform we.trade \u2014 which counts HSBC, Rabobank, Santander, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, UniCredit, Deutsche Bank, and others as founder banks \u2014 collaborated with the Hyperledger Fabric-powered IBM blockchain to complete its first live operations.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/standard-chartered-launches-blockchain-trade-platorm-with-chinese-fintech\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Standard Chartered launches blockchain trade platorm with Chinese fintech &#8221; United Kingdom-based multinational banking firm Standard Chartered (StanChart) has launched a blockchain-powered trade finance platform through a joint venture with Chinese supply chain finance technology provider Linklogis. Dubbed Olea, the platform will aim to meet the needs of institutional investors that are \u201cseeking opportunities&#8230;<\/p>\n","protected":false},"author":1,"featured_media":332233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvYzlkNGI0NzYtZjdmMC00ODcwLTljNjgtOGJiYzg4NmVkOWI2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74355,71939,4973,4966],"class_list":["post-332232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-adoption","tag-banks","tag-china","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/332232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=332232"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/332232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/332233"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=332232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=332232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=332232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}