R3 blockchain startup, TradeIX financial technical-provider and group of large banks declared that the financial Marco Polo platform officially passes into a pilot stage.
The test stage of the concept began in September of last year in cooperation with BNP, Commerzbank and ING and, as it’s said in the message of R3, it was “very successful”. Now creators of the project hope that this year it will continue development and will attract new banks and other companies, including insurance and logistic.
The main task of the Marco Polo project — to create “completely interoperable” financial network with an open code on the basis of a blockchain of R3 Corda and the TIX platform.
“The tests, carried out by ING within studying of the concept, showed benefits of this decision in three various areas of trade financing. The technology worked quickly and without mistakes. Positive results showed that we on a right way and are ready to launch the pilot version.”
— the head on innovations of ING Wholesale Banking noted.