ICC Russia established the Task Force on the Use of Blockchain in Trade Finance
07.09.2017
The agenda of the meeting included:
1.Opening remarks by Tatiana Ivashkova (Raiffeisen Bank)
2. The presentation of Regulation of the Task Force on the Use of Blockchain in Trade Finance by Tatiana Ivashkova (Raiffeisen Bank) and Olga Schedrakova (ICC Russia)
3. Task Force on the Use of Blockchain in Trade Finance: primary goals and objectives by Tatiana Ivashkova (Raiffeisen Bank)
4. The overview of the upcoming events being launched under the aegis of ICC Russia by Olga Schedrakova (ICC Russia)
5.The implentation of digital bank guarantees based on the distributed ledger technology by Victoria Guzevataya (VTB)
6. The prospects for issuing digital letters of credit by Dina Merkulova (Alfa Bank)
7. The presentation of VEB initiatives concerning the digitalization in trade finance
Throughout the entire session speakers noted a growing interest in blockchain technology around the world as well as a number of challenges related to the implementation of distributed ledger system subject to certain peculiarities of selected countries or regions. The members of the Task Force also reviewed a number of initiatives concerning the application of this technology in practice, including documentary business.
At the end of the session all experts agreed that the establishment of the Task Force on the Use of Blockchain in Trade Finance within ICC Russia will contribute to the development of national framework, setting uniform customs and standards for blockchain practice, including digital transactions in the light of trade finance digitalization.
ID: 6161
ICC Russia established the Task Force on the Use of Blockchain in Trade Finance
On September 7, 2017 the Russian National Committee of International Chamber of Commerce (ICC Russia) held the first extended meeting dedicated to the establishment of the Task Force on the Use of Blockchain in Trade Finance as well as other relevant issues, related to the group functioning.The agenda of the meeting included:
1.Opening remarks by Tatiana Ivashkova (Raiffeisen Bank)
2. The presentation of Regulation of the Task Force on the Use of Blockchain in Trade Finance by Tatiana Ivashkova (Raiffeisen Bank) and Olga Schedrakova (ICC Russia)
3. Task Force on the Use of Blockchain in Trade Finance: primary goals and objectives by Tatiana Ivashkova (Raiffeisen Bank)
4. The overview of the upcoming events being launched under the aegis of ICC Russia by Olga Schedrakova (ICC Russia)
5.The implentation of digital bank guarantees based on the distributed ledger technology by Victoria Guzevataya (VTB)
6. The prospects for issuing digital letters of credit by Dina Merkulova (Alfa Bank)
7. The presentation of VEB initiatives concerning the digitalization in trade finance
Throughout the entire session speakers noted a growing interest in blockchain technology around the world as well as a number of challenges related to the implementation of distributed ledger system subject to certain peculiarities of selected countries or regions. The members of the Task Force also reviewed a number of initiatives concerning the application of this technology in practice, including documentary business.
At the end of the session all experts agreed that the establishment of the Task Force on the Use of Blockchain in Trade Finance within ICC Russia will contribute to the development of national framework, setting uniform customs and standards for blockchain practice, including digital transactions in the light of trade finance digitalization.
ID: 6161