Financial services giant Mizuho has announced a second blockchain technology trial to be focused on syndicated loans.
ISID corporate communications officer Kayoko Lee said that the trial is still in early stages, as the partners seek first to "verify the applicability" of the technology to the post-trade process using Microsoft’s blockchain-as-a-service (BaaS) offering.
Lee told CoinDesk:
The news follows Mizuho’s partnership with IT consulting firm Cognizant, which will find it working on blockchain applications for internal record-keeping, and further, comes at a time when a number of startups are seeking to apply blockchain tech to syndicated loans.
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