Dunamu and Hana Financial aim to slash trade latency by moving settlements to a private ledger. PKX holds a 54/100 Alpha Score as pilot performance looms.
Dunamu, Hana Financial Group, and POSCO International have entered into a memorandum of understanding to deploy a blockchain-based remittance system designed to replace the traditional SWIFT network for commercial transactions. The system leverages Dunamu's proprietary GIWA Chain to integrate payment instructions and final settlement into a single, real-time process. By removing the intermediary steps inherent in standard international wire transfers, the consortium aims to reduce the latency and administrative overhead associated with cross-border trade.
The transition from the SWIFT network to a blockchain-based architecture marks a shift in how trade finance is executed for large-scale industrial entities. POSCO International serves as the initial pilot for this infrastructure, utilizing the GIWA Chain to facilitate direct settlement. This process eliminates the reliance on correspondent banking networks, which typically introduce delays and additional fees during the clearing phase of international payments. The system is engineered to handle real commercial transactions, moving beyond theoretical testing to active operational use.
For participants in the basic materials sector, such as PKX stock page, the adoption of decentralized settlement layers represents a potential reduction in working capital requirements. By shortening the settlement cycle, firms can optimize cash flow management and reduce exposure to foreign exchange volatility that occurs during the multi-day clearing windows of traditional banking. The success of this implementation will depend on the scalability of the GIWA Chain to handle the high volume of transactions typical of global supply chains.
The core utility of this system lies in the consolidation of payment instructions and settlement into a unified ledger. In standard banking, these two components are often decoupled, leading to reconciliation errors and liquidity fragmentation. The current initiative seeks to address these inefficiencies through the following mechanisms:
This development aligns with broader trends in the crypto market analysis sector, where financial institutions are increasingly testing private or permissioned ledgers to modernize legacy payment rails. While the system is currently limited to a specific consortium, the move signals a broader appetite for blockchain-based alternatives to the SWIFT network among major industrial conglomerates. The next concrete marker for this project will be the publication of performance metrics regarding transaction speed and cost savings compared to traditional SWIFT-based settlements during the initial pilot phase with POSCO International.
AlphaScala currently tracks PKX stock page with an Alpha Score of 54/100, reflecting a mixed outlook for the basic materials sector. Market participants should monitor subsequent disclosures regarding the expansion of the GIWA Chain to additional trade partners or the integration of further financial institutions into the network.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.