Anchor

Recently, as the block chain technology has become a hot topic in all industries, the financial sector is accelerating to adopt it.
KEB Hana Bank is in the process of introducing a trade transaction system that adopts 'Etherium' block chain. Shinhan Bank and Woori Bank are preparing an overseas remittance system using 'ripple' block chain.
Reporter Ko Young-wook.

Reporter

KEB Hana Bank is preparing to introduce a trade finance process that adopts the 'Etherium' block chain.
Etherium has the advantage that it is a network platform that can run a variety of applications than BitCoin, the first-generation block chain.
The development is jointly carried out by a consortium of marine logistics block chains, a total of 38 organizations led by Samsung SDS.

Interview

Shin Hee Man / Director, Foreign Exchange Marketing, KEB Hana Bank
"I've been doing verification to the financial part. I confirmed that the part related to OAT (clearing settlement) method is well reflected in the block chain ledger. "
If a block chain is applied to the trade finance process, it will be used to forge trade details such as the purchase of export bonds and the issuance of letters of credit.

link site

http://www.wowtv.co.kr/newscenter/news/view.asp?bcode=T30001000&artid=A201801050386