SINGAPORE (Nov 15): StarHub and Prudential have established a partnership to jointly launch a blockchain-based digital trade platform for small medium enterprises (SMEs), Fasttrack Trade (FTT), in 1Q18.

It is currently being developed by fintech startup Cites Gestion with funding from Prudential, and will be positioned as “Singapore’s first digital trade platform for SMEs using blockchain technology”.

In a joint release issued on Wednesday, StarHub and Prudential say FTT will enable SMEs to seek business partners and distributors, buy and sell goods, track shipments, receive and make payments, access, and buy insurance via a single platform.

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