SBI XDC, TOPPAN, and Ginco Launch On-Chain Trade Finance Pilot for Used Car Exports in Osaka

SBI XDC Network APAC, TOPPAN, and Ginco have initiated a pilot project in Osaka to implement on-chain trade finance for local exporters of used cars and automotive parts. The project aims to streamline international trade processes, including corporate identity verification, factoring, and payment settlement, by leveraging blockchain technology to enhance efficiency and transparency in cross-border transactions.