Creating a prototype of automated factoring process management

In The Bank of Lithuania’s blockchain-based LBChain platform prototypes UAB „Sistemų integracijos sprendimai“ testing SmartContract for factoring process management, linking buyer, seller, factoring companies and banking systems with a single process. In the future, it is planned to connect the EU standards (Building Blocks) eDelivery and e Invoicing.

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

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