Blockchain for Banking News

Commerzbank, LBBW pilot trade finance on Marco Polo blockchain

marco polo trade finance lbbw commerzbank blockchain
Highlights

  • Commerzbank and LBBW run trade finance pilot on Marco Polo
  • Involved a bank payment commitment from buyer’s bank and trade finance from supplier’s bank
  • Key benefit is automation reduces time-consuming paperwork
  • Article continues …

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