R3’s Marco Polo Trade Blockchain Takes Another Step Toward Production
The trade finance blockchain platform has passed another milestone in its development, with a successful pilot of real-time payment triggers.
Marco Polo, the trade finance blockchain with over 20 global banks on board, is piloting its first trading arrangement between Germany and Russia.
Automaker Daimler has carried out its first commercial transaction on the blockchain-based Marco Polo trade finance network.
Bank of New York Mellon has joined the Marco Polo trade finance consortium running on R3’s Corda, becoming the 28th bank to do so.
The sixth-largest U.S. company has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain tech.
Mastercard has joined the Marco Polo trade finance consortium founded by blockchain startup R3 and fintech firm TradeIX.