In the transaction, ArcelorMittal Nippon Steel (AMNS) sold goods to Universal Tube, and the transaction was end-to-end paperless carried out on a platform built on blockchain technology, it said, adding that it involves digitisation of the end-to-end 'Letter of Credit' (LC) transaction.source https://economictimes.indiatimes.com/industry/banking/finance/banking/hsbc-executes-blockchain-enabled-trade-transaction-for-amns-and-uaes-universal-tube/articleshow/86755226.cms
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