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French Hill: “Saudi Aramco...has put their accounts receivable...on a…”

Featuring: French Hill, Republican | U.S. House Arkansas, 2nd Congressional District

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Discussion on US Regulatory Framework for Blockchain and Stablecoins with French Hill and Bryan Steil

Published | Video Starts at 01:36

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.

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