Recent developments of note include:
The Singapore branch of CIMB Bank Berhad has completed a trade financing transaction for the import of dairy products into China using IoT cargo sensors and a distributed ledger platform from blockchain firm iTrust.
essDOCS & FreightRoll announce partnership to offer FreightDocs solution for trucking industry
China is reportedly looking into the various use cases for blockchain tech and artificial intelligence (AI) in international financing, with a special focus on risk management procedures.
South Korean Trade to Venture into Blockchain by 2021, Says Government
Southeast Asia's largest bank DBS, Swiss commodities trader Trafigura [TRAFG.UL] and their partners have started a blockchain trading platform in Singapore aimed at reducing paperwork and improving trade flows, the bank said.
IDC sees trade finance as biggest blockchain application in China.
https://www.ledgerinsights.com/idc-trade-finance-biggest-enterprise-blockchain-app-china/
Trade Technologies Extends Digital Letter of Credit Presentations to Banks in the European Union
https://www.tradetechnologies.com/PressRelease/2019/pr110719
essDOCS announced that several banks have commenced testing its newly developed CargoDocs Transaction Matching Application (Cmatch). CMatch enables banks to continue offering two-corner Bank Payment Obligations (BPOs) - alongside next-generation digital trade instruments, such as four-corner Bank Payment Undertakings (BPUs) - by replacing the soon-to-be-discontinued SWIFT Trade Services Utility (TSU).
https://mailchi.mp/essdocs/cmatch_pr-newsletter?e=cecdb40480