 "Blockchain")
India’s first blockchain-based network went live last week, when three online bill-discounting exchange platforms came together and implemented a solution for their operations.
Three platforms that offer Trade Receivables Discounting System (TReDS) — Receivables Exchange of India, A.TReDS, and M1xchange — implemented the use of blockchain in the enterprise financial segment.
The Reserve Bank of India (RBI) had introduced TReDS to facilitate financing trade receivables of micro, small and medium enterprises (MSMEs) from corporate buyers through multiple financiers.
“The project has been implemented without any cryptocurrency being used for settlement. Globally there are very few examples of
Three platforms that offer Trade Receivables Discounting System (TReDS) — Receivables Exchange of India, A.TReDS, and M1xchange — implemented the use of blockchain in the enterprise financial segment.
The Reserve Bank of India (RBI) had introduced TReDS to facilitate financing trade receivables of micro, small and medium enterprises (MSMEs) from corporate buyers through multiple financiers.
“The project has been implemented without any cryptocurrency being used for settlement. Globally there are very few examples of
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