{"id":32829,"date":"2020-12-04T11:24:41","date_gmt":"2020-12-04T09:24:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32829"},"modified":"2025-08-28T10:39:00","modified_gmt":"2025-08-28T07:39:00","slug":"mts-joins-factorin-blockchain-platform","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mts-joins-factorin-blockchain-platform\/","title":{"rendered":"MTS joins Factorin blockchain platform"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Factorin blockchain platform for trade finance has begun operating in the non-food retail segment, with the MTS retail network as its first client in this direction. ForkLog was told by platform representatives.<\/span><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">Now the retailer&#8217;s suppliers will be able to obtain factoring financing from 39 banks within an hour. The ready shipment registers are uploaded to Factorin directly from MTS&#8217;s retail unit&#8217;s accounting system as soon as goods are received at the warehouse and the documents are processed by the accounting department.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This enabled suppliers to receive real-time information about which shipments are ready for financing, and for factors to shorten verification times, according to platform representatives.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pilot project was conducted in July 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of early November, Factorin <a href=\"https:\/\/forklog.com\/en\/news\/factorin-blockchain-platform-turnover-exceeds-1-billion\"><span style=\"font-weight: 400;\">processed<\/span><\/a><span style=\"font-weight: 400;\"> 1.4 million transactions, and its turnover exceeded $1.1 billion.<\/span><\/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 has begun operating in the non-food retail segment, with its first client in this direction being the MTS retail network. ForkLog was told by platform representatives.<\/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":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,329],"class_list":["post-32829","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":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32829","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=32829"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32829\/revisions"}],"predecessor-version":[{"id":32830,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32829\/revisions\/32830"}],"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=32829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}