The document business as part of bank payment processing is being examined with regard to the digitization of this business processing. This will answer the questions
• Is a digitalization of the processing of letters of credit and document business possible?
• What can such a settlement look like?
• What are the legal consequences of a change in processing for the customer and how the costs can change.
The model of such a processing is based on blockchain technology and in particular on the Hyperledger Fabric application.
After a view on the current projects in the supply chain and an overview of the current projects around the blockchain, a solution for the handling of cross-border business (as a replacement for a paper-based letter of credit processing) is presented. This is based on Hyperledger Fabric and enables quick and more cost-effective processing than the current letter of credit process.