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EBRD and partners explore digitalisation in green trade finance

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Published on: 26 November 2021

Published by LNB News

LNB News 26/11/2021

Document Information

Issue Date: 26 November 2021

Published Date: 26 November 2021

Jurisdiction(s): United Kingdom

Article summary

The European Bank for Reconstruction and Development (EBRD) has announced efforts to explore support for the digital transition of green trade finance by facilitating test transactions between QNB ALAHLI, Banca Comercială Română and UniCredit on the we.trade digital trade platform. Taking place through we.trade’s Preview Offering Program, the platform is based on the Linux Foundation’s Hyperledger Fabric and runs on the IBM Blockchain Platform. The Preview Offering Program enables banks and clients around the world to participate in test transactions with we.trade member banks, who also receive extensive operational, information technology, sales and marketing, and legal and compliance consultancy services, tailored to their level of digitalisation.

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