Canada National Bank Blockchain to ‘Complex’ Processes for us

A Canadian commercial bank will use blockchain to simplify the process banks use the best modulle To make all the issue transactions, known for all as we always Call it transparency
the Canadian commercial bank partnership with IT and business consulting services firm blockchain startup Skuchain, the (NBC) the National Bank of Canada plans to leverage smart contracts in order to replace current email-based procedures.

this will lead to solution consists of a combination of CGI’s Trade360 trade finance platform and Skuchain’s smart contract creation software, based on the latter’s blockchain platform Brackets.

Together, it will “improve the processing times, reduce risks too and help strengthen the bank's customer relationships,”said.

“This pilot project is a great chance to leverage blockchain technology to simplify the process for negotiating standby letters of credit and guarantees while making it more transparent and secure,” Patrice Roy, vice president of payments, cash management and international solutions at National Bank of Canadian said :

“This will enable us to offer a simple, fast and efficient experience to our commercial clients which facilitates managing their business.”