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#dltledgers executes First ever Digital Avalisation on blockchain for IFFCO with Standard Chartered.

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IFFCO Singapore Pte Ltd (ISPL), regional arm of the IFFCO Group based in UAE has announced the launch of its new and innovative enterprise grade blockchain platform in collaboration with #dltledgers, an award winning blockchain platform developer based in Singapore. ISPL today reported completion of its first live end-to-end trade in blockchain, moving cross border goods on Palm Oil and its extracts, which is USD100Mn worth of business annually for IFFCO Group from Malaysia/Indonesia to the Middle east. ISPL has pioneered the digital flow running an end to end blockchain trade finance transaction using Invoice Financing on the Buy Side and Digital Avalisation for Document against Acceptance (DA) on the Sell side of the trade in the live production platform of #dltledgers. The digital endorsement of the Bill of Exchange by Buyer Bank is the first of its kind in a live blockchain environment proving the dynamic consensus mechanism using blockchain as a powerful feature- functionality that banks will adopt in the future to ensure authenticity and security in trade finance transactions.

The end to end fully digitised trade execution and trade finance transaction, involving both import and export processes and multiple parties was executed in 3 hours as against a 10-day paper process otherwise in a seamless flow with digital connectivity on #dltledgers blockchain platform. ISPL could execute multiple transactions in a day via the #dltledgers blockchain platform improving their process efficiency and realised margins in dollar value terms.

“This move to a digital system based on #dltledgers blockchain is part of our business strategy to enter the digital space to leverage on innovative emerging technologies involving smart contracts, smart documentation and digital consensus in blockchain, we are able to access earlier financing from bank as the documentation flow is much closer to real-time,” says P R Thakore, CEO, IFFCO Singapore (ISPL).

“The real value lies in potentially having more transactions and having real reduction in  our financing costs by at least 20-25% by using #dltledgers blockchain technology. We have taken a phased approach and have seen a reduction in cycle time from 10 days to 2 days, saving of 8 days in the end to end execution process via #dltledgers platform which is humungous,” says Anupam Basak, HeadRegional Finance, IFFCO Singapore (ISPL).

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Samuel Mathew, MD, Global head of documentary Trade, Trade digitisation and Chief Product Owner Trade Platform Transformation in Singapore said, “Standard Chartered is a key player in the digital transformation space. We are seeing a strong adoption by Corporate clients like ISPL for #dltledgers blockchain platform for cross-border trade. We are excited to be part of the execution of World’s first Digital Avalisation on Blockchain. Being part of this digital space has helped banks with more visibility into the customers operations, increasing transparency of the trade. This will surely reduce fraud and related risk and build cross border interconnectivity helping bank to move away from paper-based manual complex transactions involving multiple buys and sell into a seamless, more secure and efficient flow.

In one of the many ISPL transaction executed on the platform it had 50 plus documents and 8 Bill of Ladings (BLs). Such complex transactions involving multi parties involves a lot of paper-intensive manual activities which are now streamlined on the #dltledgers blockchain platform. Digitisation of all parties and a secure repository of digital documents which are in a trade life cycle are of immense value for trading houses and companies involved in huge turnovers and experience higher trade volumes. The digitalisation of the post trade execution reduces cycle times, allowing fulfilment of more orders. The various transaction by ISPL on the #dltledgers blockchain platform involved multiple parties in different geographies – SingaporeIndonesiaMalaysiaSouth Korea and UAE. ISPL has created a private network on blockchain of their 100 plus existing suppliers in South East Asia Region, multiple banks, Logistics and Insurance companies generating a truly blockchain experience.

#dltledgers blockchain platform provides ISPL with end-to-end trade visibility across the entire life cycle of post trade execution with authenticated and consented digitized documents at every step of the trade execution with multiple ecosystem partners. With the deployment of ISPL’s private network powered by #dltledgers, ISPL has become the first enterprise to do a digital end-to-end trade finance digitisation with digital avalisation of Document Against Acceptance (DA) enabling “Aval Bank” digital authentication and digital endorsement using #dltledgers blockchain platform improving efficiencies and access to faster cash in digital cross-border trade.

“This journey is undertaken with the objective of not just process efficiency, ISPL has a strategic objective of ensuring that all company produces are sourced sustainability and develop a virtual registry of provenance with trajectory of product blockchained for a fool-proof system to track n trace goods. ISPL believes that this will open up new revenue streams and multi-fold business benefits that may not even be envisaged at present within the industry,” adds Anupam Basak, Head-Regional Finance.

As trades intertwine and evolve, demands for a networked and collaborative model will intensify. Not only do transactions need to be seamless and safe, clients are increasingly looking for innovative solutions that save them time and costs.

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“#dltledgers platform capabilities (dynamic consensus engine, digital assets engine, control trigger table, trade execution engine, network collaboration, digital trade documents engine, digital file cabinet, financial institution integration engine, Integrated API layer, digital identity engine, BC Link integration w ERP layer) will add strengths to digital leadership and create their private multi party network with unique nodal architecture, reliant on the easy availability and robustness of financing mechanisms. Considering that trade finance is widely viewed as the fuel for global commerce, it’s easy to see why customer centric blockchain platforms like ours is dominating conversations in the trade finance world. We will continue to grow and expand,” says Samir Neji, CEO, #dltledgers.

“#dltledgers is a blockchain platform that has been built from the point of view of a Trader/Trading house. The adoption of production live blockchain based solutions like #dltledgers, which is on Hyperledger fabric is recording strong growth this year and we believe that customers like ISPL has started seeing the immense value add in using #dltledgers blockchain platform. We will continue to penetrate the market with our offerings and expanding into new markets. We are opening our office in UAE and this is part of our deliberate strategy to enter where the Trader/Trading houses needs such Blockchain based Solution to grow and prosper their business by creating Trust and authenticity in the value chain,” added Samir Neji, CEO, #dltledgers.

 

SOURCE dltledgers

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Blockchain

Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation

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Blockchain’s metamorphosis from niche ledger technology to the backbone of Web3 has never been more evident. Today, we cover five stories that illustrate the evolving ecosystem: a gaming platform issuing its own token on Solana; Europe’s marquee Web3 summit; a major bank forecasting a “ChatGPT moment” for blockchain; a Southeast Asian conference aimed at busting crypto myths; and a foundation rebuilding blockchain from the ground up to solve scalability. Each development—whether product launch, industry gathering, macro forecast, educational initiative, or infrastructure innovation—offers a window into the trends shaping decentralized finance, NFTs, DeFi, and beyond.


1. BitNile.com to Launch Nile Coin on Solana

News Summary
Hyperscale Data’s subsidiary BitNile.com will introduce the Nile Coin on Solana starting May 1, 2025. The U.S.–based social gaming site chose Solana for its high throughput and low fees, aiming to enhance in-game economies, reward engagement, and deliver seamless micro-transactions. Details on tokenomics and governance are forthcoming, but management touts Nile Coin as a cornerstone of future gaming experiences.
Source: CoinTrus

Analysis & Commentary
Launching a proprietary token underscores two converging trends: the gamification of finance and finance-ification of gaming. By minting Nile Coin, BitNile.com taps into DeFi mechanics—staking, liquidity pools, NFT rewards—while leveraging Solana’s scalability. Strategically, BitNile.com positions itself for partnerships with NFT marketplaces and DeFi protocols, potentially opening secondary markets for in-game assets and generating new revenue streams beyond ad sales or subscription fees.

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2. Dutch Blockchain Week 2025 Gears Up in Amsterdam

News Summary
From May 19–25, Amsterdam will host the sixth annual Dutch Blockchain Week, culminating in the two-day summit (May 21–22) at De Meervaart. Tier 1 exchanges (Bitvavo, Kraken, Coinbase), Web3 pioneers (WOW.ai, Blockrise), regulators (European Commission, De Nederlandsche Bank), and industry partners (Mastercard, Deloitte) will convene. Side events range from AI-powered hackathons tackling compliance to padel networking meetups—underscoring the event’s blend of technology, policy, and community.
Source: Dutch Blockchain Week

Analysis & Commentary
Dutch Blockchain Week typifies the maturation of blockchain conferences into multidisciplinary forums. Beyond token talk and yield farming, panels on regulation, institutional adoption, and security reflect Web3’s integration into mainstream finance. Anticipate announcements on CBDC pilots, DeFi compliance frameworks, and cross-chain interoperability projects that may emerge from the Block & Order Hackathon.


3. Citigroup Predicts Blockchain’s “ChatGPT Moment”

News Summary
In an April 23 report, Citigroup analysts argue that 2025 could be blockchain’s “ChatGPT moment,” driven by regulatory clarity around stablecoins and integration with traditional financial systems. They forecast stablecoin market capitalization ballooning to $1.6 trillion (base case) or as much as $3.7 trillion (bull case) by 2030—anchored by dollar-denominated issuers and collateralized with U.S. Treasuries. Regulatory frameworks like the GENIUS Act could catalyze adoption among banks and fintechs.
Source: Cointelegraph

Analysis & Commentary
Drawing parallels to generative AI’s explosive growth, Citigroup envisions a tipping point where blockchain moves from experimental to essential infrastructure.  Successful integration will hinge on robust compliance tools, auditability, and clear governance models. Enterprise blockchain vendors should prepare for surging demand in tokenized payments, on-chain settlements, and embedded DeFi rails within legacy systems.


4. Philippine Blockchain Week 2025 Debunks Crypto Myths

News Summary
Scheduled for June 10–11 at SMX Convention Center Manila, Philippine Blockchain Week (PBW) 2025 will tackle misinformation and spotlight real-world use cases. Highlights include “Crypto, Unpacked” sessions demystifying the technology; “Smart Regulation” panels uniting policymakers and innovators; and “Blockchain for Impact” showcases on remittances, disaster relief, and digital identity. Founding President Donald Lim emphasizes government support and public–private collaboration to spur inclusive growth.
Source: UseTheBitcoin

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Analysis & Commentary
PBW exemplifies how emerging markets leverage education to accelerate Web3 adoption responsibly. By engaging regulators early, PBW can shape balanced frameworks that encourage innovation while protecting consumers—an instructive model for markets wrestling with both hype and skepticism.


5. D.O.G.E Foundation Launches New Blockchain, Opens Seed Round

News Summary
The D.O.G.E Foundation announced a ground-up blockchain rebuild designed to solve the scalability and reliability challenges plaguing existing networks. This modular architecture separates validation from execution to enable parallel transaction processing—targeting real-time gaming, DeFi under high load, and AI-driven applications. A seed funding round is now open to investors who share the vision of a performant, decentralized infrastructure.
Source: D.O.G.E Altcoin GlobeNewswire

Analysis & Commentary
As layer-1 congestion and high gas fees persist, new entrants must justify a “why now” with clear architectural advantages. If the D.O.G.E blockchain delivers real-world throughput and maintains decentralization, it could spur a renaissance of high-performance DeFi protocols and NFT platforms hungry for cost-effective base layers.


Conclusion & Key Takeaways

  1. Tokenization of Entertainment: BitNile’s Nile Coin on Solana highlights blockchain’s expansion into gaming economies and NFT reward systems.

  2. Convergence of Tech, Policy & Community: Dutch Blockchain Week showcases Web3’s evolution into an ecosystem engaging regulators, enterprises, and developers under one roof.

  3. Mainstream Inflection Point: Citigroup’s “ChatGPT moment” thesis suggests blockchain is poised for exponential adoption given regulatory support.

  4. Education as Catalyst: Philippine Blockchain Week’s myth-busting curriculum underscores the importance of public–private dialogue in emerging markets.

  5. Infrastructure Innovation: The D.O.G.E Foundation’s modular, high-throughput chain exemplifies the next wave of layer-1 networks addressing real-time, real-world use cases.

Today’s stories convey that blockchain’s next chapter will be written through strategic token launches, global convenings, regulatory clarity, educational outreach, and radical infrastructure redesign. By tracking these threads, industry participants can anticipate opportunities in DeFi, NFTs, Web3 games, and enterprise integration. Stay tuned for tomorrow’s Blocks & Headlines, where we’ll continue to decode the innovations shaping decentralized finance.

The post Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation appeared first on News, Events, Advertising Options.

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Blockchain

Chameleon Finance Launches Green Finance Initiative to Advance Sustainable Digital Asset Infrastructure

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Blockchain

Ov Finance Upgrades Blockchain Infrastructure to Deliver Faster, Safer Digital Asset Trading

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