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Global eTrade Services launches cross-border blockchain service

Friday 20 July 2018 13:13 CET | News

Singapore-based Global eTrade Services has launched Open Trade Blockchain, a cross-border blockchain service.

As a subsidiary of Singapore technology provider CrimsonLogic, Global eTrade Services plans to position Open Trade Blockchain as an open infrastructure for the whole trade community to secure trade-related documents from certificate of origin to commercial invoice.

Features of the service include an easy-to-consume service layer, drag-and-drop, and Web Service APIs to help with integrating and scaling OTB for legacy systems. According to CrimsonLogic, Open Trade Blockchain is the first cross-border platform of its kind, and aligns with China’s Belt Road Initiative (BRI). The service will provide greater connectivity with the country’s ‘Digital Silk Road’ – a network of communications across the region.


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Keywords: Global eTrade Services, cross-border blockchain service, blockchain, cross-border payments, Open Trade Blockchain, trade finance, CrimsonLogic, Singapore
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