ASB Bank in New Zealand has backed blockchain start-up TradeWindow, which digitises international trade documents, as part of its moves to tackle fraud and cybersecurity threats. Meanwhile TradeWindow is to buy digital documentation producer Prodoc, which already digitises 60% of New Zealand’s export documentation. The move comes after the company was hit by a cyber attack last year that saw it lose more than $700,000 worth of documents.
ASB Bank in New Zealand has backed blockchain start-up TradeWindow, which digitises international trade documents, as part of its moves to tackle fraud and cybersecurity threats. Meanwhile TradeWindow is to buy digital documentation producer Prodoc, which already digitises 60% of New Zealand’s export documentation. It also plans to acquire Independent Verification Services, which organises forestry and horticultural sector certifications.