R3 Closes ‘Largest’ Trade Finance Blockchain Pilot Ever, Involving 70+ Global Organizations

December 24, 2019
Enterprise blockchain giant R3 has announced the completion of a trial of a trade finance network dubbed Marco Polo Network, terming it the biggest financial trial ever. According to CoinDesk, the piloting involved over 70 firms coming from 25 nations. More than 340 representatives from the participating organizations took part in the trials and were

Microsoft to Launch Azure Blockchain Tokens, a Standard Enterprise Coin Creation Platform

November 11, 2019
New Azure Blockchain Tokens platform by Microsoft will help businesses create tokenized cryptocurrency coins that are compatible with the Token Taxonomy Initiative (TTI). Microsoft, IBM, Intel, JP Morgan, ConsenSys and a number of other large firms are looking to make the building of enterprise based tokens as easy as plugging in your printer to the

Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo

October 15, 2019
Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank and Vesuvius GmbH, are piloting Russia-Germany cross-border payments on R3’s Marco Polo network. Powered by R3’s Marco Polo Blockchain Global Trade Network On Oct. 11, Alfa-Bank announced that it is launching a foreign trade finance pilot transaction, with the cooperation of NLMK, Commerzbank and Vesuvius

Mastercard Joins Blockchain Software Firm R3’s Marco Polo Network

September 10, 2019
American financial services giant Mastercard has joined blockchain software company R3’s Corda-powered Marco Polo Network for trade finance. In a news release published on Sept. 3, Mastercard revealed its participation in the project, a collaboration of R3 and Irish tech company TradeIX that launched in 2017. The initiative provides a multi-asset class platform that offers broker-dealer

Fintech Firm Partners With R3 to Develop Shariah-Compliant Market Platform

September 3, 2019
Dubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing and trading sukuk securities based on R3’s Corda offering. A platform for Islamic securities According to a press release on Aug. 28, Wethaq’s platform is built on R3’s open source enterprise blockchain

Blockchain Software R3 Develops Toolkit to Create Tokens on Corda Blockchain

July 22, 2019
R3, an Enterprise Blockchain Software firm on July 16 announced the launch of ‘’Token SDK’’, a new developer toolkit to create native tokens on its Corda blockchain platform, which will go a long way in doing for Corda, what ER20 did for Ethereum. A Common Way to Issue And Trade Tokens The firm ascertained on their official blog, stating

SWIFT to Allow GPI Payments on Blockchain Platforms

July 2, 2019
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) will allow distributed ledger technology (DLT) firms to use its global payments innovation (GPI) platform, according to a recently published report. In the report, SWIFT revealed that it will soon allow GPI payments on DLT-base platforms. The product will purportedly increase savings in reconciliations and boost the movement of collateral.

Huawei Considering Launch of Blockchain Services in Latin America

June 19, 2019
Chinese telecommunications hardware giant Huawei is studying the entire Latin American market and considering expanding its operations, Cointelegraph Brazil reports on June 13. Per the report, a Huawei executive said at the CIAB Febraban conference on June 11 that it is possible its blockchain-enabled products and services will soon be available on the continent. The executive in question — who asked to remain

Blockchain Credit Union Consortium to Use R3’s Corda for Cross-Border Payments Product

May 30, 2019
CULedger, a blockchain consortium and credit union service organization (CUSO), has chosen enterprise software firm R3’s Corda blockchain to underpin its forthcoming cross-border payments product. The news was reported by fintech news outlet Finextra on May 21. As reported, CULedger joined the R3 global blockchain ecosystem in December 2018. The blockchain CUSO implements the technology to improve cybersecurity and mitigate fraud risks, as well

Corda Blockchain Trade Finance Platform Marco Polo Sees First Transactions

April 1, 2019
Blockchain consortium R3’s trade finance platform Marco Polo has completed its first real transactions, a press release from Commerzbank, one of the participants, confirmed on March 28. Marco Polo, which is built on R3 enterprise blockchain platform Corda, successfully facilitated a trade between Germany and China, involving two German firms. Tech group Voith and pump manufacturer KSB SE were the initiators of the transactions,