On Wednesday, Amazon’s founder and CEO Jeff Bezos said, the world’s largest online retailer will invest $1 billion in digitizing small and medium sized businesses in India and expects to export $10 billion worth of India-made goods by 2025. Speaking at a company event in New Delhi, Bezos opined the 21st century is “going to…
Blockchain technology is steadily gaining traction in the financial world. Australia’s top 3 banks aim to use blockchain to reduce the risk of fraud as well as digitize bank guarantees. On Thursday, in a significant development, the top 3 banks in Australia stated, they have agreed to partner with IBM and with the Scentre Group…
As per a study conducted by the United Nations, adopting blockchain technology could potentially boost the turnover of importers and exporters by 44% while slashing their cost by up to 31%. On Monday, in a significant development, HSBC Holdings Plc disclosed it has successfully completed the world’s first trade finance transaction using blockchain technology. The…
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