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Four International Banks Complete Commercial Paper Transaction on R3’s Corda Platform

“A group of international banks in partnership with enterprise blockchain software firm R3 have completed a live commercial paper transaction based on blockchain platform Corda, Finextra reported Dec. 6” writes Ana Alexandre for The two parties successfully conducted a proof-of-concept for the platform based on R3’s Corda Connect. The new offerings will purportely improve Islamic financial institutions’ liquidity management and increase overall efficiency.Yesterday, Cointelegraph reported that Brazil’s largest private bank partnered with United Kingdom bank Standard Chartered to create a blockchain-based platform for small loans.Financial institutions around the world have been actively implementing blockchain technology into their operations.

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