Rio Tinto, Baosteel carry out Rmb deal on Contour as new banks join network

Global / 13 May 2020/ By Eleanor Wragg Article source: Global Trade Review (GTR) Blockchain trade finance network Contour has chalked up another first, with the completion of a transaction between Rio Tinto and Chinese state-owned steel firm Baosteel marking the first paperless renminbi (Rmb)-denominated deal in the iron ore industry. The deal, in which […]