country flagالعربية

Top global banks are partnered with the R3 Alliance to launch a pilot trading platform

2018-02-22 10:58 am | Resource: News Section | No Views : 82

Top global banks are partnered with the R3 Alliance to launch a pilot trading platform The R3, a consortium of more than 100 financial institutions, the Trade Finance Platform (TradeIX), a group of leading global banks and the launch of its trade finance program, was unveiled on Wednesday.
According to the statement, the solution is based on the product of the technology of the books of accounts distributed to the alliance "R3", and the ultimate goal of this initiative, called "Marco Polo", in the development of a commercial network open source "fully interoperable" intends to eliminate the processes of preparing existing papers Or at least simplify them in supply chain operations.
"The concept has been demonstrated by continuous testing with ING, BNP and Commerzbank," said Evar Wirsma, head of innovation at ING.
"The industry is looking for solutions to simplify and digitize the trade, making the supply Blockchain ready to take advantage of the advantages of the technology," said Microsoft employee Kony Leung, a partner of R3 since 2016.

Other news

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.