DBS Bank Floats Blockchain platform Rong E-Lian

DBS Bank Floats Blockchain platform Rong E-Lian

The DBS bank has launched its blockchain-powered logistics platform dubbed ‘Rong E-Lian’ with an aim of improving the trade financing to SMEs in China. Post the integration of digital onboarding service into the blockchain platform the bank can now verify the credentials of a supplier within seconds. The bank said, “Rong-E Lian offers multi-tier financing solutions to more than 1,000 suppliers in the company’s supply chain ecosystem within 24 hours.”

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