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Tata Consultancy Services Launches Blockchain App Deployment Kit

News Multinational IT services giant Tata Consultancy Services (TCS) launched a blockchain app development kit (DevKit). According to an announcement published by TCS on Dec. 16, the new Quartz DevKit is a low-code web-based integrated development environment that aims to allow enterprises to quic..

R3’s Marco Polo Runs Largest Trade Finance Trial With Over 70 Members

News The Marco Polo Network, a trade finance network co-developed by major enterprise blockchain firm R3, has completed its largest finance trial. Built on R3’s open-source blockchain platform Corda, Marco Polo has hosted the largest global trade finance trial that involved over 70 organizations f..

Eyeing Blockchain, BNY Mellon Joins Corda-Powered Marco Polo Network

BNY Mellon, one of the world’s largest custodian banks with more than $30 trillion USD worth of assets currently under custody, is keen on diving deeper into blockchain technology’s potential in the trade finance arena. Accordingly, the bank has just joined the Marco Polo Network — a trade finance ..

BNY Mellon Officially Joins Blockchain-Based Marco Polo Network

News The Bank of New York Mellon (BNY Mellon) has joined blockchain software firm R3’s trade finance network, the Marco Polo Network. The American banking and financial services firm — which has over $1.9 trillion in assets under management — will conduct an evaluation program using the technology..

Deutsche Boerse, Swisscom Settle Securities with Corda and Hyperledger

News German securities marketplace Deutsche Boerse and Swiss state-run telecom Swisscom have settled securities transactions using different blockchain protocols. In a joint proof-of-concept (PoC) involving a number of banks, the participants exchanged money in the form of cash tokens against toke..

Lithuania’s Central Bank Considering IBM for Its LBChain DLT Platform

News Lithuania’s central bank, Bank of Lithuania, has selected technology behemoth IBM and IT services firm Tieto as the finalists contending to develop its blockchain platform. Financial technology news outlet FintechFutures reported on the contest’s developments on Oct. 23. Per the report, both ..

Raiffeisen Among 18 Banks in First Global Tokenized Collateral Trial

News Twenty-eight organizations including Raiffeisen and 17 other banks have participated in the successful completion of the Ivno Global Tokenized Collateral Trial. This is the first global token trial on the R3 Corda platform, hosted on Microsoft Azure, as reported on Oct. 17. Efficiencies in to..

Italian Banks Successfully Test Data Reconciliation Via Blockchain

News The Italian Banking Association (ABI) successfully processed the reconciliation data of an entire year of local banking activity on a blockchain platform. The association announced the successful test of the Spunta Project’s system in a press release published on Oct. 12. The successful test ..

Next Mastercard Blockchain Move? A Payments Platform with R3

Mainstream payments titan Mastercard continues to make notable forays into the blockchain space. The latest embrace was announced on September 11th, when the company unveiled it had entered into a strategic partnership with the enterprise blockchain consortium R3, the backers of the open-source Cor..

Fintech Firm Partners With R3 to Develop Shariah-Compliant Market Platform

News Dubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing and trading sukuk securities based on R3’s Corda offering. A platform for Islamic securitiesAccording to a press release on Aug. 28, Wethaq’..

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