Bitfury and IT firm Mphasis plan to automate and tokenize trade practices

Blockchain firm Bitfury has been tapped by IT firm Mphasis to disrupt trade finance through automation and tokenization of trade practices, according to CoinDesk. The team hopes to create a means for instant settlement, stream trade infrastructure, and increase liquidity flexibility through interoperable blockchain technology. The exact product--such as a platform, token, or consortia--has yet to be determined per Mphasis' Andres Ricaurte.

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