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![]() In its latest attempt to use distributed ledgers to modernize the paper-intensive business of trade finance, the R3 agreed to work with Bolero on the electronic bill of lading system. ![]() 09.Oct.17 3:19 PM By Daria Zaytseva Photo Toinnov.com |
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Announced on Monday, the partnership follows R3 pilot with the Japanese financial giant Mizuho for digitizing letters of credit and bills of lading, and an application for trade finance developed by 11 international banks using the Corda consortium platform.
At the same time, the new service will reduce the time - from several days to hours - the companies of the entire supply chain need a complete presentation of documents, financing and payment, said R3 and Bolero. |