South Korea trade giant POSCO puts receivables onchain in tokenization test with LG

POSCO puts live trade receivables onchain with LG CNS

POSCO International and LG CNS tokenize live trade receivables on Injective to test faster settlement across POSCO's global subsidiaries.

South Korea trade giant POSCO puts receivables onchain in tokenization test with LG

POSCO International and LG CNS is tapping Injective network to tokenize live commercial invoices, another sign blockchain rails are moving deeper into corporate finance.

POSCO International, LG CNS Complete AI-Blockchain Trade Finance PoC

POSCO International announced on July 27 that it has successfully completed a proof of concept (PoC) with LG CNS to evaluate trade finance infrastructure powered by blockchain and artificial intelligence (AI). The verification process concluded on July 23 and focused on determining how digital technologies could improve operational efficiency, automate trade processes, and strengthen risk management across the company’s expanding global business…

POSCO International And LG CNS Launch Blockchain Pilot For Trade Finance On Injective

BitcoinWorld POSCO International and LG CNS Launch Blockchain Pilot for Trade Finance on Injective POSCO International, a global trading and energy company, has announced a proof of concept with LG CNS to digitize global trade finance operations using the Injective (INJ) blockchain network. The initiative, which uses real trade data, aims to test the full cycle of trade finance—from receivables issuance to settlement—on a distributed ledger to …

POSCO International and LG CNS Launch Blockchain Pilot for Accounts Receivable

The pilot brings together POSCO International , the trading and investment arm of the POSCO Group, and LG CNS , the IT services subsidiary of the LG Group. The initiative is framed as a pilot, meaning it is a limited-scope test rather than a full production rollout across the company's operations.Read more...