Yesterday, the
Marco Polo trade finance network completed an open account trade finance trial with 70 organizations using its blockchain platform.
The joint project took place over seven weeks involving participants from multiple sectors including financial services, IT and telecoms, logistics, maritime, real estate, hospitality and the automotive industry.
The trial focused on the receivables discounting solution offered by the Marco Polo platform and currently available for production use. In the announcement, the network claimed it was the biggest trial conducted on R3’s Corda network, which underpins Marco Polo.
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