{"id":31201,"date":"2020-11-03T17:00:59","date_gmt":"2020-11-03T15:00:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31201"},"modified":"2025-08-28T02:29:26","modified_gmt":"2025-08-27T23:29:26","slug":"factorin-blockchain-platform-turnover-exceeds-1-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/factorin-blockchain-platform-turnover-exceeds-1-billion\/","title":{"rendered":"Factorin blockchain platform turnover exceeds $1 billion"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Factorin blockchain platform for trade finance processed 1.4 million transactions, and its turnover exceeded $1.1 billion, according to representatives of the platform.<\/span><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">Factorin aims to address document workflow issues, as well as data confidentiality and security.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Retail networks, as well as 37 banks and factoring organizations, and hundreds of supplier companies are connected to the platform. Over its lifetime, Factorin has financed more than 665 thousand deliveries.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among the platform&#8217;s clients are Russian retailers Magnit and Dixy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Dixy Group and GPB-Factoring LLC began testing the blockchain platform to automate factoring operations in 2018.<\/span><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Factorin blockchain platform for trade finance processed 1.4 million transactions, and its turnover exceeded $1.1 billion, according to representatives of the platform.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,329],"class_list":["post-31201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-platforms"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=31201"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31201\/revisions"}],"predecessor-version":[{"id":31202,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/31201\/revisions\/31202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=31201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=31201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=31201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}