EBL

EBL launches world’s first biometric metal card with IDEX Biometrics

Retrieved on: 
Tuesday, December 19, 2023

(EBL), headquartered in Dhaka, the capital city of Bangladesh and a market leader in corporate, retail and SME banking, is set to launch the world’s first biometric metal card, powered by the IDEX Biometrics Mastercard certified technology, IDEX Pay.

Key Points: 
  • (EBL), headquartered in Dhaka, the capital city of Bangladesh and a market leader in corporate, retail and SME banking, is set to launch the world’s first biometric metal card, powered by the IDEX Biometrics Mastercard certified technology, IDEX Pay.
  • EBL customers will have the biometric metal cards in their hands by early 2024.
  • A digital innovator bank in Bangladesh, EBL is consistently providing high-quality banking services and cutting-edge financial solutions to its customers.
  • We believe biometric payment cards will become the new payment standard, supporting secure contactless payments, and ultimately bringing financial empowerment to all.”
    “We are honoured that EBL has selected IDEX Biometrics as they pioneer biometric payments in Bangladesh.

IQAX eBL Partners with COSCO Shipping Captive Insurance to Achieve the First Synchronized Transfer of an eBL and an Electronic Insurance Policy

Retrieved on: 
Tuesday, December 19, 2023

A four-party cooperative agreement between IQAX, COSCO Shipping Captive Insurance, COSCO Shipping Lines and the Global Shipping Business Network (GSBN), ensures that a shipping insurance e-platform will work together with the GSBN blockchain platform and the IQAX eBL system.

Key Points: 
  • A four-party cooperative agreement between IQAX, COSCO Shipping Captive Insurance, COSCO Shipping Lines and the Global Shipping Business Network (GSBN), ensures that a shipping insurance e-platform will work together with the GSBN blockchain platform and the IQAX eBL system.
  • A COSCO Shipping Lines (Wuhan) customer was the first to complete a synchronized transfer of both a blockchain-based eBL and an electronic insurance policy through a one-click title transfer on December 14.
  • The successful transfer makes IQAX eBL the first eBL system in the world enabled by a trusted blockchain-based ecosystem to synchronize the transfer of electronic insurance policies.
  • Shippers can view electronic insurance policies issued from the shipping insurance e-platform directly through IQAX eBL and transfer them alongside eBLs, seamlessly transferring and sharing insurance policies.

DocuTrade Facilitates Unprecedented Trade Finance Transaction with Electronic Bill of Lading Conversion and Capital Provision

Retrieved on: 
Tuesday, November 14, 2023

This groundbreaking transaction demonstrates DocuTrade 's prowess in digitizing trade documents, thereby also facilitating capital provisioning against the fractionalized eBL for a shipment duration of 7 days.

Key Points: 
  • This groundbreaking transaction demonstrates DocuTrade 's prowess in digitizing trade documents, thereby also facilitating capital provisioning against the fractionalized eBL for a shipment duration of 7 days.
  • In this pilot, the shipper tokenized the eBL and fractionalized it, enabling capital provisioning for the shipment duration.
  • The ease of transaction was significantly enhanced as the trade documents were digitally created, making verification and transfer a seamless process.
  • By facilitating a smooth transition from paper to electronic documentation, DocuTrade has significantly contributed to enhancing the speed and efficiency of trade finance transactions.

DocuTrade Facilitates Unprecedented Trade Finance Transaction with Electronic Bill of Lading Conversion and Capital Provision

Retrieved on: 
Tuesday, November 14, 2023

This groundbreaking transaction demonstrates DocuTrade 's prowess in digitizing trade documents, thereby also facilitating capital provisioning against the fractionalized eBL for a shipment duration of 7 days.

Key Points: 
  • This groundbreaking transaction demonstrates DocuTrade 's prowess in digitizing trade documents, thereby also facilitating capital provisioning against the fractionalized eBL for a shipment duration of 7 days.
  • In this pilot, the shipper tokenized the eBL and fractionalized it, enabling capital provisioning for the shipment duration.
  • The ease of transaction was significantly enhanced as the trade documents were digitally created, making verification and transfer a seamless process.
  • By facilitating a smooth transition from paper to electronic documentation, DocuTrade has significantly contributed to enhancing the speed and efficiency of trade finance transactions.

Ørsted secures 1.6 GW electricity business license for offshore wind project off the coast of Incheon, Korea

Retrieved on: 
Thursday, December 14, 2023

Ørsted secures 1.6 GW electricity business license for offshore wind project off the coast of Incheon, Korea

Key Points: 
  • Ørsted secures 1.6 GW electricity business license for offshore wind project off the coast of Incheon, Korea
    Ørsted has been granted a 1.6 GW electricity business license (EBL) by the Ministry of Trade, Industry & Energy of Korea for an offshore wind project located 70 km off the coast of Incheon City.
  • The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project, which is set to become the largest in Korea on completion and will contribute to the country’s goal of being carbon-neutral by 2050.
  • Per Mejnert Kristensen, Senior Vice President and President of Region APAC at Ørsted, says: “At Ørsted, we’re pleased to secure our first electricity business license in Korea.
  • Ørsted has unparalleled capabilities for delivering large-scale offshore wind power projects, and we have a strong track record working with Korean suppliers in our global portfolio over the past decade.

XDC Trade Network Delivers Revolutionizing Trade Finance Transaction with Electronic Bl Conversion and Capital Provision

Retrieved on: 
Monday, October 30, 2023

Alongside this accomplishment, XDC has also provided essential capital to support the trade transaction.

Key Points: 
  • Alongside this accomplishment, XDC has also provided essential capital to support the trade transaction.
  • Working in collaboration with their ecosystem partners, XDC Trade Network has successfully delivered the following groundbreaking technical and trade financing achievements:
    Propine - Digital asset custodian.
  • This is the 1st transaction over XDC Trade Network which showcased how liquidity can be availed from an alternative financier by tokenising a real-world asset.
  • On the XDC Trade Network we raised capital for one token (fraction value) which was very helpful in unlocking liquidity for the cargo transit period.

Arqit: Consortium delivers world's first cross-border quantum-secure digital trade transaction

Retrieved on: 
Thursday, June 15, 2023

This significant step forward in the journey to fully digital international trade will make international trade cheaper, simpler, faster and more sustainable.

Key Points: 
  • This significant step forward in the journey to fully digital international trade will make international trade cheaper, simpler, faster and more sustainable.
  • This digital trade transaction comes ahead of the UK Government enacting legislation, through the Electronic Trade Documents Bill (ETDB), that will recognise electronic transferable documents ( link ).
  • Arqit TradeSecure™ generates and distributes digital trade finance instruments, protecting finance supply chains against disruption and fraud and improving their cash flow at the same time.
  • www.c4dti.co.uk
    IMDA leads Singapore's digital transformation by developing a vibrant digital economy and an inclusive digital society.

Arqit: Consortium delivers world's first cross-border quantum-secure digital trade transaction

Retrieved on: 
Thursday, June 15, 2023

This significant step forward in the journey to fully digital international trade will make international trade cheaper, simpler, faster and more sustainable.

Key Points: 
  • This significant step forward in the journey to fully digital international trade will make international trade cheaper, simpler, faster and more sustainable.
  • This digital trade transaction comes ahead of the UK Government enacting legislation, through the Electronic Trade Documents Bill (ETDB), that will recognise electronic transferable documents ( link ).
  • Arqit TradeSecure™ generates and distributes digital trade finance instruments, protecting finance supply chains against disruption and fraud and improving their cash flow at the same time.
  • www.c4dti.co.uk
    IMDA leads Singapore's digital transformation by developing a vibrant digital economy and an inclusive digital society.

Arqit: Consortium delivers world’s first cross-border quantum-secure digital trade transaction

Retrieved on: 
Thursday, June 15, 2023

LONDON, June 15, 2023 (GLOBE NEWSWIRE) -- An international consortium of industry and technical experts, supported by government, business and other organisations have completed the world’s first quantum-secure cross-border electronic trade document transaction, delivering a verifiable, secure, and legally recognisable solution for future digital trade transactions.

Key Points: 
  • LONDON, June 15, 2023 (GLOBE NEWSWIRE) -- An international consortium of industry and technical experts, supported by government, business and other organisations have completed the world’s first quantum-secure cross-border electronic trade document transaction, delivering a verifiable, secure, and legally recognisable solution for future digital trade transactions.
  • This significant step forward in the journey to fully digital international trade will make international trade cheaper, simpler, faster and more sustainable.
  • WFW Singapore in association with WTL will advise on the application of Singapore’s Electronic Trade Act.
  • Arqit was proud to be the lead partner in this important project and to use our first-of-its-kind quantum-safe encryption technology to secure the transaction.

Linklogis Collaborates with The BIS Innovation Hub and Standard Chartered: Project Dynamo Delivers Ground-breaking Solution for SME Finance with Programmable Digital Trade Tokens

Retrieved on: 
Thursday, June 8, 2023

Recognising the strategic importance of the SMEs and the staggering unmet trade financing gap, estimated at USD 1.7 trillion globally, the Bank for International Settlements Innovation Hub (BIS Innovation Hub), in collaboration with Linklogis, Standard Chartered, RD Technologies, and Simmons & Simmons, unveils 'Project Dynamo'.

Key Points: 
  • Recognising the strategic importance of the SMEs and the staggering unmet trade financing gap, estimated at USD 1.7 trillion globally, the Bank for International Settlements Innovation Hub (BIS Innovation Hub), in collaboration with Linklogis, Standard Chartered, RD Technologies, and Simmons & Simmons, unveils 'Project Dynamo'.
  • This project delivered a visionary prototype leveraging the power of Digital Trade Tokens (DTTs) to empower SMEs and revolutionise the way financing is provided.
  • 'Project Dynamo' represents a transformative solution, underpinned by cutting-edge technology, strategic partnerships, and a shared commitment to driving sustainable growth for SMEs.
  • Benedicte Nolens, head of the BIS Innovation Hub Hong Kong Centre noted, ‘Selecting and completing this project has been an exciting journey.