Can I read Blockchain for Letters of Credit on EtoBox?
Blockchain for Letters of Credit by Dipak Nandeshwar is a document available to read on EtoBox.
What is Blockchain for Letters of Credit about?
A letter of credit is a document from an issuing bank assuring payment to a seller if certain conditions are met. Letters of credit are commonly used in international business transactions to facilitate payment over long distances. Currently, the letter of credit process is highly manual and requires reconciliation of records between multiple entities. Blockchain could help automate the letter of credit process and provide cryptographic proof of actions by putting the letter of credit on a shared blockchain
- Author
- Dipak Nandeshwar
- Language
- EN