Vodafone and Sumitomo Complete Blockchain Proof-of-Concept for Seamless Document Transfer Using Chainlink
-
Vodafone's Digital Asset Broker platform and Sumitomo completed a proof-of-concept for exchanging trade documents across platforms.
-
The proof-of-concept used Chainlink's Cross-Chain Interoperability Protocol (CCIP) to improve document transfer and processing of financial transactions.
-
The proof-of-concept showed Vodafone IoT devices and blockchains could provide data for contracts and AI applications.
-
Trade documents are a challenge as they may exist digitally or physically and need to change hands repeatedly.
-
Vodafone launched Digital Asset Broker in February 2022 and first used it with Mastercard for an electric vehicle charging app.