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HSBC facilitates first blockchain transaction for steel between UAE, India 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP The Contour blockchain platform enabled end-to-end digitisation of the documentation required to import flat carbon steel by Zainab Mansoor April 21, 2021 HSBC has executed a blockchain-enabled, live trade finance transaction between UAE’s Universal Tubes & Plastic Industries and India’s Tata Steel. The Contour blockchain platform enabled end-to-end digitisation of the documentation required for Universal Tubes to import its order of flat carbon steel to the UAE from Tata Steel in India. The transaction was the first integrated paperless letter of credit and eDocs transaction for a steel export globally, and the first end-to-end paperless trade combining electronic bills of lading and digitised letter of credit in the steel commodity segment.

Sunil veetilPeeyush guptaTubes plastic industriesTubes plastic industries ltdTata steelPlastic industriesUniversal tubesMiddle eastNorth africaUniversal tubeAnil tauraniPlastic industries ltdபீயுஷ குப்தாடாடா எஃகுநெகிழி தொழில்கள்நடுத்தர கிழக்கு