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”.
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