AM/NS India has executed a blockchain-enabled financial transaction with UAE-based Universal Tube & Plastics Ltd, thanks to HSBC bank. With the steelmaker as the seller to Universal Tube & Plastics, the end-to-end paperless transaction was executed over the Contour platform. “Implementing blockchain gives us competitive advantage. The future of trade is…more dependent on innovations, such as blockchain platforms,” said Dilip Oommen, CEO of AM/NS India.
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