Standard Bank Group Establishes Africa’s First Hedera Network Node to Enable Much-Needed Digitisation of Cross-Border Trade Processes

Standard Bank Group, the largest African bank by assets, has partnered with Hedera Hashgraph, an enterprise-grade distributed public ledger, and joined the Hedera Governing Council. Standard Bank will establish the continent’s first Hedera network node, which is set to solve some of the sore points that have historically beset the development of cross-border trade. Lengthy settlement periods, information asymmetry between multiple parties involved in a transaction, which ends up creating delays
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