- Longfin (LFIN +7.3%) has announced that its Ziddu Smart Contracts are commercially available on the Ethereum blockchain.
- Ziddu.com is an ERC 20 Ethereum-Blockchain-empowered Smart Contract provider, and it is currently the only marketplace for decentralized smart contracts.
- Ziddu Smart Contracts are available for Trade Finance and FX markets.
- Longfin is preparing to launch Smart Contracts for bullion financing by Q218.
- The company has subsequent plans to make the Contracts available for peer-to-peer lending, warehouse financing, structured products, and FX/OTC derivative segments.
- “It will take some time for the technology to develop to maturity and for the market to shake-out. In the meantime, Longfin has developed a high degree of interest and effort into the development of Smart Contracts. We see them as a critical component in distributed ledgers for pre-&-post settlements, and there is an opportunity in creating a ripe scenario for disruption.” Says Venkat Meenavalli, Chairman of Longfin.
- Press Release
- Now read: LongFin: From To 0+ In A Week As Crypto Mania Spreads
Original article