The platform used is named Secured Logistics Document Exchange (SLDE), and it was developed and released on 28 July 2021, by India’s Ministry of Commerce and Industry to serve as a digital document exchange platform that uses blockchain-based security protocols for data security and authentication.
According to the official announcement, Axis issued a letter of credit, a financial contract that guarantees payment upon conditions, between ArcelorMittal Nippon Steel India and Lalit Pipes & Pipes. With SLDE, the Indian ministry aims to improve transparency in terms of audits, capital requirements and logistics.
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