/PRNewswire/ -- The Central Bank of Brazil (BCB) has selected Banco Inter alongside Microsoft Brazil, 7COMm and Chainlink to build a trade finance solution as...

PR Newswire

United States

Chainlink joins Banco Inter, Microsoft and 7Comm consortium to support trade finance use case in phase 2 of Drex pilot

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Cision

Brazil’s Drex CBDC pilot phase two focuses on blockchain-driven trade finance, tokenization and secure cross-border settlements.

Cointelegraph

Chainlink, Microsoft, Banco Inter collaborate on Brazil’s CBDC pilot

The Central Bank of Brazil (BCB) has selected decentralized oracles provider, Chainlink, as one of the partners for its digital currency pilot, DREX. According to the announcement, the apex bank also selected Banco Inter, Microsoft Brazil, and 7COMm. The companies will reportedly work on the...

CryptoPanic

Chainlink to enable cross-border settlement in Brazil’s CBDC initiative

The collaboration could significantly enhance Brazil's financial infrastructure, promoting economic growth and cross-border trade efficiency. The post Chainlink joins Microsoft, Banco Inter, and 7COMm to support second phase of Brazil’s CBDC pilot appeared first on Crypto Briefing.

Crypto Briefing

Chainlink joins Microsoft, Banco Inter, and 7COMm to support second phase of Brazil's CBDC pilot

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Morning News

Brazil’s Central Bank is teaming up with Chainlink and Microsoft to expand its digital currently pilot.On Nov. 19, the Central Bank of Brazil (BCB) announced it will carry out the second pilot of its distributed ledger technology platform (DLT), Drex, in partnership with Chainlink, Microsoft Brazil, and Banco Inter.The companies will work with BCB to build a blockchain-based trade finance solution leveraging Chainlink oracles to automate supply …

The Defiant

Brazil Taps Chainlink For Cross-Border CBDC Trade Finance Pilot

The Central Bank of Brazil (BCB) has selected decentralized oracles provider, Chainlink, as one of the partners for its digital currency pilot, DREX. According to the announcement, the apex bank also selected Banco Inter, Microsoft Brazil, and 7COMm. The companies will reportedly work on the second phase of the DREX pilot, which focuses on leveraging blockchain technology to automate trade finance processes and supply chain management. With this…

Cryptopolitan

Blockchain oracle service provider Chainlink (LINK) is working on a pilot project for Brazil’s proposed central bank digital currency (CBDC) called DREX with Microsoft and other firms in the country. In a press release, Chainlink says it is collaborating with Microsoft Brazil, digital bank Banco Inter and blockchain finance firm 7COMm to build a trade... The post Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank…

The Daily Hodl

Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank

Brazil’s central bank has entered phase two of its Drex CBDC pilot, collaborating with global tech leaders like Microsoft to enhance trade finance and supply chain processes. According to a Nov. 19 announcement by Banco Central do Brasil, phase two of the Drex pilot focuses on creating a blockchain-powered trade finance solution to address inefficiencies in cross-border agricultural commodity transactions. The initiative brings together Microsof…

Invezz

Microsoft and Chainlink join phase two of Brazil’s CBDC pilot program

Key conclusions Chainlink, Microsoft, Banco Inter and 7COMm are collaborating in Brazil’s DREX CBDC pilot project to improve trade financing with blockchain technology. The initiative will demonstrate automated cross-border settlement using Chainlink blockchain and CCIP for CBDC interoperability. Share this article Brazil’s central bank chose [...] The Chainlink entry joins Microsoft, Banco Inter and 7COMm to support the second phase of Brazil’s…

Conclusiones clave Chainlink, Microsoft, Banco Inter y 7COMm están colaborando en el proyecto piloto DREX CBDC de Brasil para mejorar la financiación del comercio con tecnología blockchain. La iniciativa demostrará la liquidación automatizada transfronteriza utilizando blockchain y CCIP de Chainlink para la interoperabilidad de CBDC. Comparte este artículo El banco central de Brasil eligió a […] La entrada Chainlink se une a Microsoft, Banco Int…

Chainlink joins Banco Inter, Microsoft and 7Comm consortium to support trade finance use case in phase 2 of Drex pilot

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