POSCO International, South Korea's largest trading company, is piloting the tokenization of trade receivables on the Injective blockchain. This initiative, in collaboration with LG CNS, aims to expedite commercial payments among its global subsidiaries. The company, which generated $22.2 billion in revenue last year across steel, energy, and battery materials, is using real trade receivables for this pilot. AI
IMPACT This pilot could streamline cross-border payments and improve efficiency in global trade finance.
RANK_REASON Pilot of a blockchain-based financial product by a large trading company.
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