POSCO International Tokenizes Trade Receivables on Avalanche Blockchain
South Korea's POSCO International completed a trade receivables tokenization deal on Avalanche, working with Olea and Intain, following an earlier Injective pilot.
AfroEuropa Newsroom
AfroEuropa desk
POSCO International, one of South Korea's largest trading companies, has completed a transaction that tokenized trade receivables on a blockchain built on Avalanche, according to reports from BitKE and CoinDesk. The move is part of the company's ongoing testing of blockchain technology for corporate finance.
The company's U.S. subsidiary carried out the transaction alongside trade-finance platform Olea and asset-backed finance firm Intain. Intain applied artificial intelligence to reconcile invoices, purchase orders, credit notes, and shipping documents, then recorded the verified receivables on its blockchain network.
Keep reading
Revised US CLARITY Act Adds Ethics Curbs on Officials' Crypto Activity
President Trump agreed to tougher conflict-of-interest rules in the Senate's crypto bill, but 18 state attorneys general say the draft weakens their oversight.
Other highlights
Einride and Lidl Launch Germany's First Cab-Less Driverless Truck on Public Roads
The autonomous truck now moves goods for Lidl in Germany without a driver or safety operator on board, under a first-of-its-kind national permit.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
