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POSCO International and LG CNS launch a receivables-on-chain pilot

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ME News, July 27 (UTC+8): Korean trading company POSCO International and LG CNS launched a pilot to deploy real-time trade receivables to the Injective blockchain, aiming to speed up payment flows between its global subsidiaries. The two parties place the receivables on a shared blockchain ledger to create a single, transferable record, and embed compliance rules to reduce reconciliation time among buyers, sellers, and banks. After the pilot, POSCO plans to roll the project into a production environment. The project covers blockchain use cases such as trade finance, stablecoin-based fund transfers, and asset tokenization. (Source: ODAILY)
LG CNS3.41%
INJ-2.46%
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