Axis Bank executes maiden domestic trade transaction on GOI backed blockchain platform

Axis Bank has executed a maiden domestic trade transaction on Government of India (GOI) backed blockchain platform, Secured Logistics Document Exchange (SLDE). The transaction, between Arcelor Mittal Nippon Steel India and Lalit Pipes & Pipes, involved the process of letter of credit advising as well as digital presentation of underlying trade documents including invoice and transport documents.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

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