According to ME News, on July 27 (UTC+8), South Korean trading company POSCO International, in collaboration with LG CNS, launched a pilot to deploy real-time trade receivables onto the Injective blockchain to accelerate payment processes among its global subsidiaries. The parties placed the receivables on a shared blockchain ledger, creating a single, transferable record embedded with compliance rules to reduce reconciliation time between buyers, sellers, and banks. POSCO plans to move the project into live production after the pilot phase. The initiative encompasses blockchain applications in trade finance, stablecoin-based fund transfers, and asset tokenization. (Source: ODAILY)
POSCO International and LG CNS Launch Blockchain-Based Trade Receivables Pilot
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Summary
POSCO International and LG CNS have launched a blockchain news initiative to pilot trade receivables on the Injective blockchain. Built on MetaEra, the project enables real-time payments between global subsidiaries via a shared ledger with embedded compliance rules, reducing reconciliation time for buyers, sellers, and banks. POSCO plans to expand the project to production, including blockchain upgrades in trade finance, stablecoin transfers, and asset tokenization.
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