POSCO International and LG CNS launch pilot program to put accounts receivable on the blockchain
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
According to Odaily, South Korean trading company POSCO International and LG CNS have launched a pilot program to deploy real-time trade receivables onto the Injective blockchain, aiming to accelerate payment processes between their global subsidiaries.
Both parties will place receivables on a shared blockchain ledger to form a single, transferable record, embedding compliance rules to reduce reconciliation times among buyers, sellers, and banks.
POSCO plans to advance the project into actual production after the pilot. The initiative covers blockchain application scenarios such as trade finance, stablecoin-based fund transfers, and asset tokenization.
Both parties will place receivables on a shared blockchain ledger to form a single, transferable record, embedding compliance rules to reduce reconciliation times among buyers, sellers, and banks.
POSCO plans to advance the project into actual production after the pilot. The initiative covers blockchain application scenarios such as trade finance, stablecoin-based fund transfers, and asset tokenization.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Can XRP Price Could Hit $1,000? Top Trader Presents What to Watch
TimesTabloid•2026/08/01 20:03
Reliance unit Radisys merges Cayman subsidiary into Delaware holding company
Reuters•2026/08/01 17:47
Watch Out for the Newly Emerged Memecoin: BNB Developers Announce They Will File a Lawsuit
BitcoinSistemi•2026/08/01 17:25
Insight Guru flags uneven rebound odds as Global X Uranium ETF slides 36% from 52-week high
Reuters•2026/08/01 17:22
Crypto prices
MoreBitcoin
BTC
$62,709.54
-0.27%
Ethereum
ETH
$1,838.61
-1.20%
Tether USDt
USDT
$0.9992
+0.02%
USDC
USDC
$0.9999
+0.01%
XRP
XRP
$1.06
-0.36%
Solana
SOL
$71.64
-1.75%
TRON
TRX
$0.3273
+0.46%
Hyperliquid
HYPE
$52.18
-1.25%
Dogecoin
DOGE
$0.06889
-0.92%
Zcash
ZEC
$462.93
+1.49%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now