Logo


First blockchain network: Online bill discounting exchanges implement tech

The Reserve Bank of India (RBI) had introduced TReDS to facilitate financing trade receivables of micro, small and medium enterprises

First blockchain network: Online bill discounting exchanges implement tech

India’s first blockchain-based network went live last week, when three online bill-discounting exchange platforms came together and implemented a solution for their operations.   Three platforms that offer Trade Receivables Discounting System (TReDS) — Receivables Exchange of India, A.TReDS, and M1xchange — implemented the use of blockchain in the enterprise financial segment.   The Reserve Bank of India (RBI) had introduced TReDS to facilitate financing trade receivables of micro, small and medium enterprises (MSMEs) from corporate buyers through multiple ...