›ur clients are demanding deep digital integration in a cost •arclays is also a member of the infrastructure protocol effective manner. This is critical if we as banks are to address initiative ‘¡™ƒ…‘’, alongside other financial institutions. our cost of service, especially in our small and medium si¤e The members of this initiative will build and adopt a enterprise Ž… segment. €t the other end of the spectrum, common infrastructure to support a distributed ledger Transparency many large or multinational corporate clients are multi banked among financial institutions. and are probably averse to using multiple standards and interfaces to send and receive information to and from their The ¡™ƒ…‘ initiative manages a private, peer to peer banks. •lockchain technology can offer solutions to these distributed ledger, underpinned by …thereum technology challenges too. and hosted on a virtual private network ‘‰” in Traceability Žicrosoft €¤ure the public cloud platform offering and “•lockchain is a very good solution to •lockchain as a ervice •aa in an accelerated provenance development environment. Digital eliminate the pain in international trade.” uniqueness €fter such a long period of ‘business as usual’ within Gadi Ruschin, Founder, Wave trade finance, it will be interesting to see how distributed ledger technology shapes the banking industry of o what are we doing¥ the future. €t •arclays, through our €ccelerator programme, we have Watch this space… Reduction in been mentoring a number of start up companies in order operational to share our knowledge and e„pertise and also to learn costs from them. In the Trade and Working ƒapital team Elimination specifically, we are partnering with a company called Wave of fraud in order to use their solution for dematerialising the trade finance •ill of –ading. barclays.com£corporatebanking …very attempt has been made to ensure that the information provided is accurate. œowever, neither •arclays •ank ‰–ƒ “•arclays” nor any of its employees makes any representation or warranty e„press or implied in relation to the accuracy, reliability or completeness of any information or assumptions on which this document may be based and cannot be held responsible for any errors. ”o liability is accepted by •arclays or any of its affiliates for any loss whether direct or indirect arising from the use of the information provided. •arclays is a trading name of •arclays •ank ‰–ƒ and its subsidiaries. •arclays •ank ‰–ƒ is authorised by the ‰rudential ¡egulation €uthority and regulated by the Financial ƒonduct €uthority and the ‰rudential ¡egulation €uthority Financial ervices ¡egister ”o. Š‡‡¢Œ‡. ¡egistered in …ngland. ¡egistered number is ŠŒ‡’Š’¢ with registered office at Š ƒhurchill ‰lace, –ondon …Šˆ ‹œ‰. February ‡ŒŠ’. •ŒŠ’Š¢. ˆ of ˆ