日本語 
Vlightup Inc. has officially launched its “Next Generation Trade Finance Global Payment Platform” based on the XRP Ledger (XRPL) blockchain technology. This service enables multi-party escrow settlement in LC (letter of credit) transactions involving the importer, issuing bank, exporter, and purchasing bank, resolving the structural issues of traditional trade finance, such as payment delays, fraud risks, and high costs.
Background to the development: The “final friction” remaining in trade finance
The shift to electronic (paperless) global trade is steadily progressing. The widespread use of electronic bills of lading (eB/L) and electronic LCs (eUCP) has significantly improved document circulation. However, the following structural issues remain in the final stages of payment execution, and continue to hinder corporate cash flow and transaction security.
A minor discrepancy in documents resulted in a delay in funds for several days.
Unfair refusal or delay of payment by importers (especially during market downturns)
Risk of fraudulent remittances due to forged electronic documents or hacking
Deadlock due to processing delays between the issuing bank and purchasing bank systems.
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These issues cannot be resolved simply by “digitalization.” Even if documents are digitized, as long as the consensus-building process itself continues to be manual, the structural risks of delays and fraud will remain. We have tackled this problem head-on by taking the approach of “redesigning the settlement execution portion itself with a mathematically verifiable multi-party consensus mechanism.”
SOURCE: PRTimes
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