Main points
- Chainlink, Microsoft and Inter Bank Designed to enhance Drex’s trade finance capabilities Use blockchain interoperability.
- Initiative showcases CCIP using Chainlink Connecting Drex’s blockchain to the global financial system.
- Tokenized assets like eBoL will Drive automation and improve supply chain transparency and transaction efficiency.
On Tuesday, Chainlink partnered with Microsoft and 7COMm to Creating a trade finance solution for Drex Phase 2the Brazilian Central Bank Digital Currency (CBDC).
The collaboration includes Brazilian companies such as Banco Inter, one of the country’s top digital banks, which provides Drex first phase to tokenize public debt securities.
chain link Use its blockchain oracle Automated supply chain management and improve trade finance within the Drex ecosystem.
The program integrates Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect Drex with foreign central banks, Ensure efficient and compliant transaction settlement.
As part of this initiative, Chainlink’s CCIP will Enabling interoperability between Brazilian central bank Drex and foreign central banksensuring transactions are compatible and settled efficiently.
Drex use case – what are its benefits?
The consortium is characterized by international bankMicrosoft and Chainlink, focus on Automatic transaction settlement Cross-border agricultural trade.
Chainlink’s CCIP enables Drex’s blockchain to seamlessly interoperate with external central bank infrastructure, ensuring frictionless settlement.
Chainlink facilitates this process by tokenizing electronic bills of lading (eBoL) Leverage supply chain data to trigger payments During the export process.
The system also unlocks Delivery vs. Payment (DvP) and Payment vs. Payment (PvP) mechanisms while ensuring interoperability between Chainlink’s blockchain and Hyperledger Besu, the platform used to drex test.
Chainlink CCIP – The future of dApps?
Chainlink’s CCIP allows for seamless token and data transfer between blockchain networks, providing a unified interface for decentralized applications (dApps).
This function Enhance blockchain adoption and integration with existing backend systems while increasing market liquidity and access.
For Drex, CCIP Connect to Hyperledger Besu With other EVM and non-EVM networksdrive interoperability and expand the ecosystem.
Banco Inter leads the implementation of the solution on the Drex platform, Aiming to transform Brazil’s financial markets.
Bruno Grossi, head of emerging technologies at International Bank, sees the project as Milestones in consolidating the market and expanding its reach through partnerships with Microsoft and Chainlink Labs.
We see our collaboration with technology leaders like Microsoft and Chainlink Labs on this project as a transformative opportunity to expand market reach and improve the health of the Brazilian market.
Drakex’s leadership and vision can drive industry growth
Microsoft provides cloud infrastructure to support the development of Drex and expand access to intelligent financial services.
João Aragão, Microsoft Financial Services Innovation Expert, Emphasizing the company’s commitment to driving economic growth through Drex.
7COMm contributes technical expertise to implement Practical and Transformative Blockchain Solutions. 7COMm Innovation Director Sergio Yamani highlighted the transformative potential of CBDC and blockchain interoperability.
By integrating CCIP, the project establishes a new standard for global transactions while increasing transparency, security and accessibility.
this move Positioning Brazil as a global leader in blockchain innovation. This shows how technology is transforming trade finance and strengthening the economy.
The emergence of CBDC, the development of blockchain interoperability protocols such as CCIP, and the use of CBDC for cross-border payments have enabled a new generation of blockchain trade finance solutions.
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