Daimler Carries Out First Transaction on Marco Polo Blockchain Trade Network
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.
Asian banking giant DBS and multinational commodity trading firm Trafigura Group are tapping blockchain to facilitate global trade.
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 third largest bank by assets in Japan, is set to begin utilizing R3's Marco Polo trade finance blockchain on a commercial basis by the end of 2019.
Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform.