Taiwanese liner operators Yang Ming Marine Transport and Evergreen Marine Corporation have joined their country’s first financial blockchain platform.
On 23 September, Cathay Financial Holdings and its affiliate Cathay United Bank launched Global Trade Sharing Blockchain. Seven other banks have also joined this platform, which aims to stamp out fraud through block encryption, which can prevent rogue businesses from duplicating financing for the same transactions across banks.
Recent fraud cases...
https://container-news.com/yang-ming-and-evergreen-join-taiwans-first-finance-blockchain-group/