Malaysian banks join to develop Blockchain for Trade Financing

Malaysian banks join to develop Blockchain for Trade Financing

The deputy governor of Bank Negara Malaysia (BNM), Jessica Chew Cheng Lian, quoted on the use of blockchain technologies for enhancing banking services. Lian affirmed on nine Malaysian banks coming together to ‘develop blockchain applications for trade finance.’ The BNM also seeks to develop a standardized open API framework through a consortium called Application Program Interface implementation.

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