Standard Chartered Bank is working with AfDB and other banks to achieve the first form of blockchain interbank credit transaction between Vietnam and Thailand.

Standard Chartered Bank today announced a partnership with the Asian Development Bank (ADB), the Vietnamese Investment and Development Bank (Vietnamese Investment and Development Bank) and Standard Chartered Bank (Thailand), in Financing title. The first written letter of credit (LC) business in the Vietnam-Thailand joint venture via blockchain Exchange was carried out by Contour Network, a blockchain-based open market platform focused on the digitization of the financial sector.