StanChart, SFA unveil paper exploring DLT-use in supply chain payments
The publication explores stakeholder collaboration for improved payment transparency in supply chains.
Standard Chartered, in partnership with the Singapore FinTech Association (SFA) as its knowledge partner, has released the 'Deepening Sustainability with DLT' paper.
This publication delves into the collaboration between stakeholders to enhance payment transparency in supply chains.
It presents valuable insights into Distributed Ledger Technology (DLT) and its applications in supply chain payments for corporates, financial institutions, and their respective ecosystems.
Released in anticipation of Ecosperity Week, the paper serves as a valuable addition to Standard Chartered's ongoing collaborative endeavours with external partners.
It aims to tackle the enduring challenges faced by industries with intricate and lengthy supply chains. By fostering innovation and integrating sustainability into product lifecycles, the paper empowers the finance and banking sector to meet the growing demand for sustainable development.
The paper, with the support of the SFA, also showcases case studies that illustrate how digital currencies have facilitated desired sustainability outcomes. It emphasises the crucial roles that banks, fintechs, corporates, and non-governmental organisations can assume in fostering a sustainable and future-proof ecosystem.
The paper provides a framework and solutions that evaluate different blockchain solutions based on specific criteria, aiming to identify the most effective sustainability outcomes. Thus, benefiting different financial institutions and businesses.