Creating a Prototype of Automated Factoring Process Management

July 4, 2019

In The Bank of Lithuania’s blockchain-based LBChain Systems integration solutions, UAB is testing SmartContract prototype for factoring process management, linking buyer, a seller, factoring companies and banking systems a single process. In the future, it is planned to connect the EU standards (Building Blocks), eDelivery and eInvoicing.

More: https://www.lb.lt/en/news/lbchain-project-six-financial-products-already-being-tested

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