OCP Group, TDB Complete First Intra-African Blockchain-Based Transaction ...Morocco

Rabat – Morocco’s OCP Group and the Eastern and Southern African Trade and Development Bank (TDB) have completed the first ever large-scale intra-African transaction using blockchain.“The Eastern and Southern African Trade and Development Bank (TDB) and OCP Group, the world’s largest phosphate mining and leading fertilizer company, are pleased to announce USD 400 million worth of fertilizer trade finance transactions executed via blockchain technology,” reads a joint statement published on March 30. $270 million worth of the transaction has been completed while the rest is expected to be “executed” in the coming months, added the statement.As part of the blockchain transactions, “OCP Group d

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OCP Group, TDB Complete First Intra-African Blockchain-Based Transaction ...Morocco

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