Dhaka, June 29 -- Mercantile Bank PLC has successfully participated in the Proof of Concept (PoC) for the "Green LC," executing the bank's first Inland LC on a locally developed blockchain-based Digital Trade platform.

This milestone marks a significant step forward in the bank's digital transformation journey, enabling a secure, paperless, and fully digital trade ecosystem, according to a press release.

One Bank PLC participated in the transaction as the beneficiary bank. The PoC was conducted in collaboration with Spectrum Software and Consulting Ltd. (SSCL).

The initiative is in line with Bangladesh Bank's directive (FE Circular No. 06, dated January 14, 2025), which encourages the adoption of electronic solutions across all stages ...