US EditionBrazil, Hong Kong Test Cross-Border Blockchain Trade System via Chainlink
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4 Articles
Banco Inter Tests Cross-Border Trade Settlement via Blockchain
Brazilian digital bank Banco Inter has announced the completion of a blockchain-based cross-border trade finance pilot that connected Brazil’s Drex central bank digital currency network with Hong Kong’s Ensemble platform. The initiative was carried out in collaboration with Chainlink, the Central Bank of Brazil (BCB), and the Hong Kong Monetary Authority (HKMA) as part of the second phase of Brazil’s Drex programme. The project focused on evalua…
Inter Bank, the Central Bank of Brazil and the Hong Kong Monetary Authority completed a test connecting the Drex and Ensemble networks through Chainlink, simplifying cross-border commercial financing. *** Brazil integrated its Drex network with the Hong Kong Ensemble system using the Chainlink infrastructure. The pilot was carried out within Phase 2 of the Central Bank of Brazil’s digital currency project. Standard Chartered Bank and Inter Bank …
Key news points: Bank Inter and Chainlink completed a pilot test that settled real-time commercial transactions between Brazil and Hong Kong using CBDC and smart contracts. The test integrated Brazil’s Drex network with Hong Kong’s Ensemble platform, automating the flow of funds and asset records. The project included Standard Chartered, GSBN and 7COMm, showing that blockchain can speed up international payments. Bank Inter and Chainlink complet…
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