POSCO chains real trade receivables to Avalanche

The Korean trade giant, POSCO, announced that real trade receivables, valued at $22 billion, would be linked to the Avalanche block chain, which would be converted by artificial intelligence. It uses artificial intelligence to reconcile invoices, purchase orders, credit notes and transport documents and then converts receivables into digital assets in the chain. This was its second one-month pilot of the block chain, which was previously tested with LEG CNS in July. POSCO plans to explore cross-border settlements based on stable currency。