Mercantile Bank successfully participated in the proof of concept (PoC) for the "Green LC," executing the bank's first Inland LC on a locally developed blockchain-based digital trade platform. This milestone marks a significant step forward in the bank's digital transformation journey, enabling a secure, paperless, and fully digital trade ecosystem. One Bank participated in the transaction as the beneficiary bank. The PoC was conducted in collaboration with Spectrum Software and Consulting Ltd. The initiative is in line with the Bangladesh Bank's directive, which encourages the adoption of electronic solutions across all stages of LC processing. Mati Ul Hasan, managing director of Mercantile Bank, launched the PoC ceremony at the bank's head office on June 25.
MERCANTILE BANK EXECUTES POC OF BLOCKCHAIN-BASED INLAND GREEN LC.
FE Team | Published: June 29, 2025 22:33:00
MERCANTILE BANK EXECUTES POC OF BLOCKCHAIN-BASED INLAND GREEN LC.
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