Akbank is a blockchain-based business in foreign trade.It became the first bank in Turkey to join the we.trade network, which offers a payment guarantee with hairy contract technology.
Joining the We.trade consortium, Akbank offers this platform to exporters and importers. with smart contracts reliably to trade to provide opportunities, additional to these businesses capital and financing solutions will use to present.
IBM, CaixaBank, Deutsche Bank, Erste Group, HSBC, KBC, Nordea, Rabobank, Santander, Société Générale, UBS and UniCredit we.tradeSince 2019, especially to small and medium-sized businesses digitize their paperwork providing services.
Burcu Civelek, Deputy General Manager of Akbank Strategy, Digital Banking and Payment Systems, thanked its customers with blockchain applications. lower cost and risk that they can offer services.
“Thanks to the smart contracts that form the backbone of blockchain technology, we will enable our customers to perform their foreign trade transactions more securely with less operational workload. We are very excited that this experience will add even more value to the commercial activities of our foreign trade customers.”
Akbank began experimenting with blockchain technology in international money transfers in 2018. Established as a subsidiary of Akbank, Ak Portfolio is currently focused on blockchain technologies It has a fund.