08 Aug Voltron Blockchain Solution Nears Production as Standard Chartered Starts Piloting
7 August 2019
Standard Chartered has become the latest bank to pilot the Voltron blockchain solution, this time for an oil transaction. The bank says it will now ramp up its contribution to the project to expand the application beyond letters of credit.
It is the first live, commercial pilot that Standard Chartered has conducted using Voltron, which is built by CryptoBLK on R3’s Corda framework.
Other founding members of the Voltron consortium have already completed a number of live pilots in different industries, including soybeans, plastic derivatives, metals and wool. In addition to Standard Chartered, the founding members are Bangkok Bank, BNP Paribas, CTBC Holding, HSBC, ING, NatWest and SEB.
Read more at GTR, here.