As the dust settles around a steady stream of positive blockchain buzz from major banks, a consensus on use cases that major institutions believe the technology can be applied to is beginning to emerge.
One of the more often-heralded use cases is international trade, with institutions having presented a willingness to back efforts related to supply chain, using the technology to secure a chain of custody for physical goods, as well as trade finance – the process by which the movement of these goods is financed as part of the delivery process. So far, IBM has openly touted the supply chain use case, while blockchain startup Wave is working with Barclays on a trial that would find the major UK bank experimenting with digitizing pen-and-paper supply chain processes.
http://www.coindesk.com/how-standard-chartered-is-using-ripple-to-rethink-trade-finance/
