Marco Polo
One of the fastest growing commercial finance and capital networks in blockchain is the Marco Polo network, a joint venture with the technology company TradeIX and the software firm R3, together with some important banks and their customers.
Designed to facilitate commercial financing between banks, their corporate clients and the largest commercial ecosystem, the network has been officially launched this year and has the highest number of members of any similar blockchain venture.
These include BNP Paribas, Commerzbank, ING, Banca Chartered Standard, SMBC, DNB, Anglo-Gulf Commercial Bank, Landesbank Baden-Württemberg, OP Financial Group, Bangkok Bank, NatWest and Natixis. The International Trade and Forfaiting Association (ITFA), which has over 170 members, is also part of Marco Polo, as an observer.
Although Marco Polo was officially launched at the start of the year, work started much earlier, said TradeIX Marketing Director Oliver Belin.
"It's a collaboration, a marketing construction – it's not legal …
