1. Oracle Banking Trade Finance Adapter for Blockchain Interface
  2. Oracle Banking Trade Finance Blockchain Adapter
  3. Integration Process
  4. Detailed Use Case for Buyer’s Credit Solution using Blockchain
  5. Authorization of Buyer’s Credit Bill Contract

2.4.2.2 Authorization of Buyer’s Credit Bill Contract

The following actions will be performed by default if Buyer's Credit Bill Contract in Bank A is authorized:
  • The data will be passed on to the blockchain network for validation and creation of Smart Contract.
  • The smart contract will be notified to Bank B/C by the blockchain network. The receiver will be identified based on the Lending Institution data captured in the Buyer's Credit Bill Contract.
  • The smart contract will have a status to identify that the offer is accepted and is awaiting Loan creation/disbursement.

Parent topic: Detailed Use Case for Buyer’s Credit Solution using Blockchain