Swift digital bill of lading solution moves forward with proof-of-concept completion
SWIFT announces completion of second eBL Proof-of-Concept with BNY Mellon and Deutsche Bank, aiming for industry-wide adoption through interoperability solutions.
Latest digitization News
Nigeria approves national blockchain policy following crackdown on digital assets
Nigeria sees its national blockchain policy as a gateway to open more jobs for its locals, promote digitization, and foster trust between government, enterprises, and the community.
Philippines: $300M data center project to kickstart phase 1 in 2024
Megawide and EDC will helm the development of the Philippines' $300 million data center project, which is set to rise in the province of Cavite, with the first phase kickstarting in 2024.
Consortium to carry out first private digital sterling initiative in UK
The United Kingdom will become a testbed for the adoption of the first privately-led digital sterling program, paving the way for the introduction of new payment rails for the global financial system.
CBDCs key to maintaining monetary system in digital age: ECB research
Despite disadvantages, consumers are willing to adopt CBDCs in exchange for small rewards, according to an ECB paper, which also noted digital currencies keep the monetary system in check.