Newsletter Issue 10 | CryptoBLK 電子通訊第 10 期

Tech

atlas elite

Introducing Atlas Elite

Atlas Elite is a single, simplified channel for all the companies’ open account trade finance needs. The web portals offer an at-a-glance overview of all open trade financing loans and connections across multiple trade parties.

For corporates, Atlas Elite brings significant operational and reconciliation efficiency to open trade processes by enabling quicker end-to-end turnaround.

For financiers, Atlas Elite offers opportunities to reduce risks and improves services as well as enjoys significant cost reduction through increased digitization in financing processing.

Key features:

  • Dashboard for financiers to keep track of all the active transactions.
  • Customizable Trade Finance Smart Agreements supporting a wide spectrum of open account trade finance instruments.
  • Marketplace functionality enabling companies to look for new financing and factoring opportunities.
  • Specified Financier allowing corporates to explore a particular financier on potential trade finance opportunities.
  • Messaging system for corporates and financiers to communicate securely and directly.

Learn more here.

Contour

We’re proud to see Contour, the bank-backed blockchain trade finance initiative, moves into the live production phrase. After two years of successful pilots in 14 countries and the global trial, CryptoBLK has been working with the Contour consortium to bring more global commercial banks and corporates into full live production.

Contour is the de facto letter-of-credit DLT-based trade finance platform, which is addressing the USD 18.7 trillion global trade market. Contour is currently available to the member banks including Alfa Bank, ADB, Bangkok Bank, BNP Paribas, Citi Ventures, CTBC, HDBank, HSBC, ING, Krungsri, SABB, SEB, SMBC and Standard Chartered and Standard Bank.

Read the full press here.

Partnership

cryptoblk x cargox
CryptoBLK joins force CargoX, a company specializing in document transfer solutions, to streamline processes and accelerate digitalization in global trade and supply chains by integrating two blockchain platforms, Atlas Elite, an open account trade finance solution and CargoX, a blockchain document transfer platform.

Dr Duncan Wong, CEO of CryptoBLK, said: “The collaboration with CargoX will significantly help accelerate Atlas Elite’s integration with other innovative systems in the global trade industry. It facilitates Atlas Elite’s users to transfer document ownership between banks, corporate clients and logistics companies on multiple blockchains.”

Read the full press here.

Upcoming Events

Cordacon

CordaCon 2020

Meet Andrew HonCTO of CryptoBLK, as he will introduce Atlas Elite, an open account trade finance platform and Cerberus, a DLT monitoring and alerting tool at 2:00 PM  – 2:45 PM (HKT) on Thursday, 22 October at CordaCon. CordaCon will be virtual this year, bringing together 5000+ industry leaders, technologists, and enthusiasts to discuss the latest developments on Corda, along with product updates from the R3 team and real-world applications from the vibrant ecosystem.

Register Now

hkftw

Hong Kong Fintech Week 2020

Hong Kong Fintech Week is back! CryptoBLK is excited to meet the 25,000+ fintech community members from China, Asia and cross the world, and give updates on our latest DLT innovations.
  • 2 – 6 November, virtual booth: We will have a virtual booth and exhibit our Atlas Elite, Themis, Cerberus, and more under HKSTP Pavilion.
  • 2 November, Sina Finance, panel discussion: Our CEO Dr Duncan Wong will speak at Sina Finance’s blockchain panel discussion with industry leaders from Mainland China.

In the News

  • DigFin: HKMA taps ConsenSys for cross-border CBDC study
  • Ledger Insights: HSBC Stanchart backed Contour trade finance blockchain goes live
  • Ledger Insights: ConsenSys wins Hong Kong central bank digital currency project
  • R3: Blockchain for Insurance: Insurance Market Report 2020
  • CoinTrust: ConsenSys Bags Hong Kong’s Central Bank Digital Currency Venture

Join Us!  

Want to change the world in the Blockchain space? We are looking for talented individuals to re-architect the way the world economy operates, who are based in, or are willing to relocate to Hong Kong, Taiwan, Malaysia or Bangkok.  Check out our job openings here.

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