Interoperable Distributed Ledger Technology Pilot Project
Mission
To set up an Interoperable Distributed Ledger Technology (DLT) Platform within the Indian banking ecosystem for the issuance of Letters of Credit.
First of it’s kind attempt in Indian financial sector
Across three fabric layers
Leveraging WEAVER Protocol
Project Overview
While leveraging DLT to address pressing issues in the global banking sector is a well-documented idea, there was no credible industry-wide Proof of Concept (PoC) to prove the application of this idea at scale.
RBIH’s Interoperable DLT project brought fintechs, banks, and technical service providers together to collaborate on a PoC aimed at developing a solution for trade financing. The use case for this project was the issuance of Letters of Credit.
Findings from the PoC are available here: PoC Report on Interoperable DLT Platform Project
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