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DBS Bank Joins Contour’s Network, Built on Blockchain Technology to Digitalize Global Trade Processes

Singapore-based DBS bank joins blockchain trade-finance network Contour, which digitalizes global trade processes along with the creation, exchange, approval, and issuance of letters of credit (LCs).   Built over R3’s Corda, DBS Bank has joined the blockchain trade-finance network, and with such a network, the bank expects decreased settlement time, reduced paperwork, and simplified processes.  According…