POSCO International and LG CNS Complete AI-Blockchain Trade Finance PoC

POSCO International and LG CNS have completed a proof of concept (PoC) to evaluate trade finance infrastructure powered by blockchain and artificial intelligence (AI). The verification process, which concluded on July 23, focused on determining how digital technologies could improve operational efficiency, automate trade processes, and strengthen risk management across the company's expanding global business network.

The project aimed to support POSCO International's growing international operations by improving the management of transactions and settlements involving overseas subsidiaries. It also forms part of the company's broader digital transformation strategy for trade operations.

During the PoC, the two companies assessed three primary technology areas: blockchain-based shared ledgers for transaction visibility, tokenization of trade receivables as real-world assets, and AI agents designed to automate document-intensive trade workflows.

The verification process examined whether transaction management, settlement activities, and document review tasks generated during international trade could be digitally integrated and automated. POSCO International supplied its global trade environment and real transaction data to simulate practical business conditions, while LG CNS was responsible for designing the system architecture and validating the blockchain and AI technologies.

One of the key components involved implementing a blockchain-based shared ledger that allows headquarters, overseas subsidiaries, and business partners to access the same transaction information in real-time. Previously, transaction data was managed independently by different regional offices or subsidiaries, often requiring repeated verification during contract execution and settlement procedures.