Vodafone and Sumitomo partner with Chainlink to explore the trading document network

Vodafone Digital Active Broker platform And Sumitomo to have has been functioning together Since Can on This proof of concept.

Vodafone Digital Active Broker (TOUCH) has joined THE Chain link network as A node operator After to end A proof of concept with Japanese trade And investment business Sumitomo For to exchange trade documents through platforms. THE companies hope has improve document transfer And treatment of financial transactions In THE 32 trillion dollars global trade ecosystem, Vodafone said.

THE proof of concept used oracle network Chain link Cross chain Interoperability Protocol (CCIP). touch "provided] security And interoperability through IoT devices has THE edge of A network." THE proof of concept watch THE potential of Vodafone the Internet of Things devices And blockchains has provide data For to use In contracts And AI applications. Potentially, A Single interface could be created has transfer data And tokens, THE business said:

"For example, A ship detection A cargo fire could in an autonomous way relay data has clever contracts via DAB platform And CCIP, potentially trigger A Marine cargo insurance process. »

Trade documents are A particular challenge because they can exist on paper Or on digital platforms with weak interoperability And need has change hands repeatedly.

Related: FAST the partners with Chain link For cross chain crypto transfer project

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