(4.3.18) American Banker: Anti-fraud blockchain for invoice financing goes live

By April 3, 2018 Hyperledger Fabric, News

A blockchain for invoice financing that has gone into production in India may demonstrate how distributed ledger technology can be used to track digital assets and deter fraud.

Three Indian factoring exchanges — RXIL, A.TReDS, and MYND Solutions — and technology company MonetaGo announced the blockchain network on Tuesday. The exchanges are marketplaces to which small businesses bring invoices to obtain financing from large Indian banks and several foreign banks. The exchanges sought a way to reduce fraud.

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