Additionally, government agency Enterprise Singapore plans to work with the ICC and Perlin to target major commodity players. He continued: With Centre of Future Trade, Singapore-based international trading companies will have more opportunities to test and develop strategies and new technologies that will put them in good stead to succeed in the ever-evolving trading industry, according to International Chamber of Commerce officials.
Having ICC as a partner puts the initiative in a strong position, especially while entering a crowded market with numerous blockchain projects already targeting commodities sectors.
In late April 2019, the International Chamber of Commerce (ICC) unveiled the ICC Blockchain/DLT Alliance. The initiative aims to support supply chains and cross border trade finance for its 45 million members.
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