08 Aug Voltron Consortium Grows to Over 50 Banks and Corporates
8 May 2019
The blockchain-based trade finance coalition Voltron has swelled to over 50 banks and corporates following the completion of trials involving the simulation of multiple digital Letter of Credit transactions across 27 countries on six continents.
Leading institutions including ABN Amro, Alfa Bank, Banco de Crédito del Perú-BCP, Banorte, Bci, China Everbright Bank Hong Kong Branch, CIB, CommerzBank Commercial Bank of Qatar, Ekman & Co, LH Trading, MUFG, Natixis, National Bank of Egypt, RBI, SABB, Scylla, Standard Bank, Societe Generale and The Saudi British Bank participated in the latest six week trial, which was delivered by a partnership of Bain, CryptoBLK and R3 on Microsoft’s Azure cloud platform.
Read more at Finextra, here.