Author: Pradyumna Pendse

In global trade, a letter of credit (LC) is a commonly used financial instrument that ensures the payment of goods and services while reducing risks during transactions. The traditional LC process includes many challenges such as overdue payments, data breach risks, and fraudulent activities. Learn how Capgemini’s letter of credit solution simplifies and secures the LC issuance process through digitization and building “trust networks.”

The traditional supply chain has a lot of inefficiencies and bottlenecks that can lead to losses and pilferage. Explore an architectural reference from Capgemini for an AWS solution called Trusted Logistics that can help solve these problems in the pharmaceutical industry. Trusted Logistics can be applied to multiple sectors like manufacturing, retail, consumer product, logistics, life sciences, and more. A decentralized ledger is accessible to all participants and transaction records become immutable once entered.