Distributed ledger technology

Blockchain has great potential to be a disruptive force in the financial sector. It is already possible to see where it might have an impact, in areas ranging from payments to settlements to smart contracts and e-identity. Blockchain, a distributed ledger technology (DLT), is based on such different principles that it forces banks and industries to rethink the way organisations, processes and markets work. And has the potential to fundamentally change the way we think about ownership, money and risk management.

ING joining blockchain-based trade-settlement platform

ING joining blockchain-based trade-settlement platform

4-6-2019 - ING has joined forces with other global banks to create a digital coin, Fnility, that can be used to settle international money transfers instantly, cutting out intermediaries and lowering transaction costs.

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ING part of blockchain-based Forcefield

ING part of blockchain-based Forcefield

17-5-2019 - ING joins blockchain-based platform Forcefield to make post-trade commodity transaction processing cheaper, safer, and more efficient.

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Blockchain to shake up mining and metals sector

Blockchain to shake up mining and metals sector

16-1-2019 - ING teams up with IBM and MineHub on a new blockchain platform for mining and metals.

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First commodity trade transaction on Komgo

First commodity trade transaction on Komgo

16-8-2019 - ING has successfully executed its first commodity transaction on the blockchain-based Komgo platform. The oil trade deal was executed with an LC issued on behalf of Mercuria Energy Trading S.A.

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ING on VAKT, a new blockchain energy trading platform

ING on VAKT, a new blockchain energy trading platform

10-1-2019 - Anthony van Vliet, global head of trade and commodity finance at ING, was interviewed by Bloomberg TV on VAKT, a new blockchain energy trading platform.

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ING and HSBC a step closer to paper-free trade finance

ING and HSBC a step closer to paper-free trade finance

15-11-2018 - ING and HSBC have run their second blockchain pilot using the Voltron platform to make trade finance transactions digital and more efficient.

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Komgo: marking a new era for trade finance

Komgo: marking a new era for trade finance

19-9-2018 - Having seen many proofs of concept and pilots, the trade commodity finance industry is ready for action with the launch of komgo, a blockchain-based venture that will transform the sector.

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Easy Trading Connect using blockchain explained

Easy Trading Connect using blockchain explained

1-3-2018 - ING, Societe Generale, ABN Amro and other major industry players have a long-term ambition to improve security and operational efficiency in the commodity trading and finance sector through digitalisation and standardisation.

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Another blockchain milestone in trade finance

Another blockchain milestone in trade finance

21-2-2018 - ING has tested the application of blockchain technology in trade finance in partnership with consortium R3 and trade finance platform TradeIX.

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First agricultural commodity trade through blockchain

First agricultural commodity trade through blockchain

22-1-2018 - Louis Dreyfus Company, Shandong Bohi Industry Co., Ltd, ING, Societe Generale and ABN Amro have successfully completed the first full agricultural commodity transaction using a blockchain platform.

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ING launches major addition to blockchain technology

ING launches major addition to blockchain technology

16-11-2017 - ING announced the initial release of its Zero-Knowledge Range Proof solution - a specific ZKP that has been proven to be ten times more efficient than other ZKPs. This will help improve confidentiality in a public ledger at much lower operating costs.

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Joining forces on blockchain-based platform for energy commodities

Joining forces on blockchain-based platform for energy commodities

6-11-2017 - ING is again at the forefront of the blockchain technology. This time joining forces with banks and some of the largest energy companies and trading houses to create a blockchain-based digital platform that intends to modernise and transform energy commodities trading.

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Digitalising an age-old sector

Digitalising an age-old sector

23-2-2017 - Commodity trade and finance is still based on the exchange of paper documents. But that’s about to change. Easy Trading Connect is proof that the sector can be digitalised with blockchain technology.

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R3 and TradeIX develop open account trade finance infrastructure

R3 and TradeIX develop open account trade finance infrastructure

28-9-2017 - Enterprise software firm R3 and trade finance technology firm TradeIX announced an innovative initiative focused on the overhaul of open account trade finance infrastructure.

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A trade match made in heaven

A trade match made in heaven

31-7-2017 - Trading in financial markets involves databases that can’t easily communicate with each other, often leading to errors in the matching process. Those days could well be over soon, with blockchain-based technology coming to the rescue.

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Blockchain and DLT: what is it (for)?

Blockchain and DLT: what is it (for)?

01-09-2016 – A lot is being said about blockchain and distributed ledger technology. What is the difference? How does it work? What are the benefits? This animation video explains it (a bit).

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ING completes trial of five emerging blockchain technologies

ING completes trial of five emerging blockchain technologies

3-3-2016 - ING, a member of the bank consortium working with financial technology innovation company R3 CEV, has successfully trialed five distinct blockchain technologies in parallel in the first test of its kind.

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Blockchain beyond FinTech

Blockchain beyond FinTech

25-8-2016 - Mark Buitenhek’s presentation at the Dutch Blockchain Conference on the road of adoption of blockchain technology clearly illustrates that the technology is extremely promising but still in its infancy.

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Banking on blockchain

Banking on blockchain

4-4-2016 - The whitepaper ‘Banking on blockchain’, developed by Finextra and IBM, explores the state of play with blockchain in financial services, looking at the challenges and opportunities of implementing the technology across banking and capital markets, and examining a number of cases.

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