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DLT Labs, SBI Sumishin Net Bank to offer blockchain SCF

News DLT Labs, SBI Sumishin Net Bank to offer blockchain SCF Monday 12 April 2021 13:58 CET | News Canada-based blockchain startup DLT Labs has announced a deal with Japan-based SBI Sumishin Net Bank (SSNB) to offer a blockchain supply chain finance (SCF) solution in Japan. SBI Sumishin Net Bank (SSNB) is a neobank joint venture between SBI Holdings and Sumitomo Mitsui Trust Bank. For the project with DLT Labs, some Japanese retailers and carriers have been invited to join the supply chain finance pilot in Japan, and the project is set to launch soon. According to DLT Labs, it will be deploying an existing SCF solution. DLT Labs also offers a solution for Walmart, which was built on Hyperledger Fabric, but the company also uses Ethereum. In contrast, SBI Group has technology joint ventures with Ripple and enterprise blockchain firm R3.

SBI Sumishin Net Bank & DLT Labs Launch Supply Chain Financing Partnership in Japan

Press release content from PR Newswire. The AP news staff was not involved in its creation. SBI Sumishin Net Bank & DLT Labs Launch Supply Chain Financing Partnership in Japan April 8, 2021 GMT Next generation, blockchain-centric supply chain financing partnership launched by SBI Sumishin Net Bank and DLT Labs in Japan Partnership to deliver first end-to-end supply chain financing network in Japan using DLT Labs’ proven enterprise blockchain development platform TORONTO, April 8, 2021 /PRNewswire/ - SBI Sumishin Net Bank, Ltd. (SSNB), Japan’s No. 1 digital bank, and DLT Labs Japan Incorporated (DLT Labs), a wholly-owned subsidiary of DLT Global Inc., have entered into an agreement to jointly offer a blockchain-centric supply chain financing network across Japan, with wide application to industrial and banking partners, as well as directly to clients. The supply chain financing network will be powered by DLT Labs’ award-winning blockchain development platform and will provi

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