USE CASE 2: EBL FOR FINANCIAL INSTITUTIONS
November 3rd, 2024
PAYMENT SCENARIOS
Looking beyond their core function of managed file transfers (MFT), the potential for eBLs in trade finance is profound. eBLs can simplify payment processes for shippers, consignees and banks. Through third party validation and integration with digital tools such as smart contracts, transactions can be executed simultaneously, upon fulfilment of stipulated conditions, bypassing escrow services. eBL's hosting of both documentation and payment processing in the same digital container simplifies transacting and facilitates dispute ...
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