Citigroup has launched Citi Token Services, a digital token service for institutions that uses blockchain and smart contract technology. The service aims to streamline large transactions by digitizing bank guarantees and letters of credit in the trade finance ecosystem. Citi worked with Maersk on a pilot in the shipping industry, which reduced transaction processing times from days to minutes.
The Celestia fire sparked widespread discussion about modular blockchains. In fact, modular blockchain has always been an important part of the application chain narrative and is not a new thing.
