McCormick described how one of the world's largest banks has piloted Microsoft's Blockchain as a Service (BaaS) on Azure to automate the letter-of-credit application process. McCormick, director of trade and supply chain finance at Bank of America Merrill Lynch , explained how using blockchain helped automate the now-cumbersome credit application and verification process.

https://redmondmag.com/articles/2017/07/01/bl...n.aspx?m=2