Accenture plans to help TradeIX create new use cases beyond banking for buyers and sellers within trade finance after backing the Marco Polo tech partner.
The trade finance blockchain consortium claims that it completed more than 700 funding requests with around 340 participants.
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.
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.
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.
The trade finance blockchain platform has passed another milestone in its development, with a successful pilot of real-time payment triggers.
Sumitomo, Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year.
The first real transactions have been conducted on Marco Polo, a trade finance blockchain built on R3's Corda platform.