| Customers: Alfa-Bank Russia Moscow; Financial Services, Investments and Auditing Product: Corda R3 Payment system on a blockchainProject date: 2019/02 - 2019/03
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2019: Alfa-Bank becomes the participant of Marco Polo
As in March, 2019 the first of the Russian banks knew CNews, Alfa-Bank joined the international network of trade financing Marco Polo. The R3 Corda blockchain platform and the platform of the distributed TradeIX trade are its cornerstone [1].
Marco Polo is urged to optimize relationship between buyers (importers) and sellers (exporters) mainly in cross-border transactions which are integrated to any risks – operating rooms, credit, fraudulent. The universal retail chain stores (UTN – Universal trade network) which connect financial intermediaries (banks), suppliers and buyers, logisticians, insurance companies and the other participants connected with a trade flow are the cornerstone of the project.
Alfa-Bank considers that participation in Marco Polo will allow to offer clients the choice of solutions for the international trade financing and seamless connection to an ecosystem of world trade.
Notes
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