I was in Saudi Arabia last summer and Saudi Aramco, a very small company headquartered there, has Saudi Aramco...has put their accounts receivable...on a blockchain and they shrunk their days from 40 days to 15 days. So blockchain is an operating technology. We're involved in it when it comes to using that blockchain in finance and in financial services. (01:36–01:49)
CLAIM
Asserts that Saudi Aramco reduced its accounts receivable processing time using blockchain.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.