Topic: [2016-08-11]R3 Corda Distributed Ledger Slated to Increase Profits by 10% to 15% (Read 241 times)
August 11, 2016, 08:55:47 AM
Trade financing is a crucial income stream for banks and provides an integral role in enabling businesses in different countries to trade with each other with certainty and peace of mind. However, the processes used to facilitate trade financing have become antiquated and unfit for purpose in today’s increasingly digital world.
August 11, 2016, 07:55:08 AM
R3 Corda Distributed Ledger Slated to Increase Profits by 10% to 15%
R3 Blockchain Consortium, a group comprising over 50 major financial and tech institutions across the globe, has been successful in solving various trade challenges using the blockchain technology. The New York-based fintech firm has recently announced an unprecedented success with its Corda distributed financial ledger. The trial involving invoice financing and letter of credit transactions was conducted in partnership with 15 consortium members. Through these trials, the consortium has proven twice that the digital currency technology can address key challenges faced by trade finance industry across the world...
http://www.newsbtc.com/2016/08/11/corda-distributed-ledger-and-profits/
R3 Blockchain Consortium, a group comprising over 50 major financial and tech institutions across the globe, has been successful in solving various trade challenges using the blockchain technology. The New York-based fintech firm has recently announced an unprecedented success with its Corda distributed financial ledger. The trial involving invoice financing and letter of credit transactions was conducted in partnership with 15 consortium members. Through these trials, the consortium has proven twice that the digital currency technology can address key challenges faced by trade finance industry across the world...
http://www.newsbtc.com/2016/08/11/corda-distributed-ledger-and-profits/
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