Login

Commerzbank, Evonik and BASF conduct first blockchain technology and programmable money test to manage supply chain processes between companies 20 May 2021

Ordering and payment processes can be completely automated via a newly developed, integrated supply chain platform. Payments are made along customised purchasing processes using digital euros based on e-money via Commerzbank’s cloud-based blockchain platform. Carsten Bittner, Divisional Board Member responsible for Technology Foundations at Commerzbank: “Programmable money has enormous potential to further digitalise supply chains”.
This article is reserved for Efma members.
Are you a member? Please log in or create a free account to access it
You are not a member yet? Check out all membership benefits

Related Content