Marco Polo Network Completes Largest Trade Finance Trial

Marco Polo Network, a trade finance blockchain with over 30 global institutions on board, focuses on creating real-time settlements and transparency in trading relationships. They’ve successfully completed the largest open account trade finance trial involving more than 70 organizations.

The Marco Polo Network completed the “largest blockchain open account trade finance” trial ever conducted. Built on R3’s Corda Network platform, the Marco Polo platform is built on an entirely distributed architecture. 

The joint project took place over seven weeks and involved over 70 organizations, including some of the largest Fortune 500 companies and global financial institutions, of more than 25 countries across five continents. Over 340 participants from multiple sectors such as logistics, IT and telecoms, maritime and hospitality, were involved.

More details on the trial

This month, Marco Polo trialed the working capital applications developed by TradeIX with a focus on the Receivables Finance solution. Receivables Financing, also known as Factoring, allows companies to optimize their working capital, mitigate credit risk and improve liquidity.  

The Receivables Financing solution aims to increase efficiencies in trade finance and overcome critical challenges such as lack of connectivity, inefficient processes and high onboarding costs. 

Available for production use on the Marco Polo platform, only those part of the business network could participate in the trial. Banks and corporates participating included Banorte, BMW, Commerzbank AG, SBI Holdings, Sumitomo Corporation, the Bank of East Asia and the Saudi British Bank. 

In total, more than 700 funding requests were completed, while user training averaged one day of the participants time. 

According to the press release, the participants of the trial could choose to engage with stakeholders and “use actual business cases for the project”. In turn, this allowed for “a better understanding of the real-world implications” of how blockchain, and in particular Marco Polo, can be beneficial.

100% of the respondents surveyed as part of the pilot claimed that “trade finance and working capital solutions built on a distributed architecture have the potential to significantly improve their industries.” 

As reported before, Marco Polo Network is distributed trade finance platform composed of major global financial and banking institutions, focused on streamlining international trade. Launched in 2017 as a collaboration between TradeIX and R3, Marco Polo can count on over 30 corporations, of which 19 financial institutions and 4 technology partners. Since then, they’ve been leveraging blockchain to support new solutions and make trade finance more transparent.

Last month, the American Bank of New York Mellon jointed the network. In October of this year, Marco Polo completed its first trading transactions between Russia and Germany.

The successful trial has attracted attention

Today, it was announced that Accenture has invested and formed a strategic alliance with TradeIX. Accenture will reportedly help create new use cases that go beyond banking but remains within trade finance. Together, they’ll develop “touchless finance processes”, and further expand the Marco Polo Network.

Robert Barnes, CEO and co-founder of TradeIX, said: 

“With our global footprint expanding exponentially across both banks and their corporate clients, this alliance with Accenture is instrumental in us achieving our ambitions in making trade more transparent, smarter and better connected internationally.”

Jeremy Banks

Jeremy is a journalist passionate about new technologies. Based in Canada, he spends his time writing about how techs such as blockchain, crypto and AI are changing the way business is done.

Related Articles


  1. 14 Ayşegül zenciyle merakdan sikişiyor 73 görüntülenme.

    Bu olmayacak birşey değilmiş ya ben çok merak ettiğim içöin sikişiyorum
    gül ablacım ama güzel sikiyor ya bu zenci arkadaş çok kalın büyük yarragı varmış diyor ara ara istanbulda koca penisli bir zenci
    erkek zor bulduk diyor ayşe gül süper sikişiyor
    ayşe gülle zenci erkegin türk amatör pornosu izle porno.

  2. Tarih: 14:50. Dünya üzerinde en çok sex yapılmak istenen harika Rus lolita sex kızlarının muhteşem
    Rus erotik filmi Ruskayya Lolita, 2007 yılı yapımı, konulu sex filmlerinden bir tanesi.
    Genç bir Rus kızı, annesi ile evde tek başlarına yaşamaktadır.
    Eve gelen orta yaşlı bir adam, genç kızın annesi ile.

  3. wonderful issues altogether, you just won a new reader. What could you suggest in regards to your publish that you simply made some days in the past? Any certain?

  4. Hello! I just wanted to ask if you ever have any problems with hackers?My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no data backup.Do you have any solutions to prevent hackers?

  5. Wow! This can be one particular of the most useful blogs We have ever arrive across on this subject. Basically Magnificent. I am also an expert in this topic therefore I can understand your hard work.

  6. Wonderful blog! I found it while searching on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thank you

  7. My brother suggested I may like this blog. He was once entirely right.This put up actually made my day. You can not consider simply how a lot time I hadspent for this information! Thank you!

  8. Hello my family member! I wish to say that this article is awesome, nice written and include almost all important infos. I would like to see more posts like this.

  9. Greetings! Very helpful advice within this post! It’s the little changes which will make the most important changes. Thanks for sharing!

  10. Hello, you used to write wonderful, but the last several posts have been kinda boring… I miss your tremendous writings. Past few posts are just a little out of track! come on!

  11. Hi there! This is my first visit to your blog! We are a collection of volunteers and starting a new project in a community in the same niche. Your blog provided us beneficial information to work on. You have done a marvellous job!

  12. Following I at first commented I clicked the -Notify me when new reviews are added- checkbox and now when a remark is added I get 4 emails Using the equivalent remark. Is there any implies you’ll manage to clear away me from that support? Thanks!

  13. Thanks for another excellent article. Where else may just anybody get that type of info in such a perfect means of writing? I have a presentation subsequent week, and I am on the search for such information.

  14. I’m really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it?s rare to see a nice blog like this one these days..

  15. ทีแรกๆผมว่าเว็บไหนก็เหมือนกัน เพราะว่าเข้าไปก็เจอเกมเดิมๆถึงแม้เอาเข้าจริงๆมันแตกต่างกันครับผม ยิ่งเว็บไซต์ไหนที่เวลาฝากถอนจะต้องผ่านบุคลากรอันนี้ผมรังเกียจสุดเลย เสียเวล่ำเวลา ส่วนตัวผมว่า UFABET ดีสุดเลยขอรับ เค้าใช้ระบบอัตโนมัติ

  16. Thanks for your post. I also believe that laptop computers are getting to be more and more popular currently, and now will often be the only kind of computer utilised in a household. Simply because at the same time potentially they are becoming more and more inexpensive, their computing power keeps growing to the point where they are as robust as personal computers from just a few years back.

  17. Your style is very unique in comparison to other folks I’ve read stuff from. Thank you for posting when you’ve got the opportunity, Guess I will just book mark this blog.

  18. Great post. I was checking continuously this blog and I am impressed!Extremely helpful info particularly the final section 🙂 I deal with such info much. I used to be looking for this particularinfo for a very lengthy time. Thank you and good luck.

  19. Thank you for the auspicious writeup. It in fact wasa amusement account it. Look advanced to far added agreeable from you!By the way, how can we communicate?

  20. Thank you, I’ve just been looking for info about this topic for a while and yours is the best I’ve found out so far. But, what about the bottom line? Are you positive in regards to the supply?

  21. Interesting blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog stand out. Please let me know where you got your theme. With thanks

  22. Can I call you back? ipratropium side effect Greek 10-year bond yields rose but stayed below the levels seen in the run-up to the vote.

  23. I do not even understand how I finished up here, but I assumed this post was great. I don’t understand who you might be however certainly you’re going to a well-known blogger for those who are not already. Cheers!

  24. I will right away grasp your rss feed as I can’t in finding your e-mail subscription hyperlink or e-newsletter service. Do you have any? Kindly let me understand so that I may just subscribe. Thanks.

  25. Very nice post. I just stumbled upon your blog and wanted to say that I have truly enjoyed surfing around your blog posts. After all I?ll be subscribing to your feed and I hope you write again very soon!

  26. Howdy! I just wish to offer you a huge thumbs up for the great information you’ve got here on this post. I’ll be coming back to your blog for more soon.

  27. Olgun kadin porno seks mature evli dul_azgin kadin sikisiyor.
    turk yeni evli cift yerli seks izle turk seks videosu turk genc
    cift. Türk yeni evli çift sex. mature austria bisexual male milf.

    Türkisch im wald türk evli ormanda. Turk turbanli ifsa naked
    turkish koylu azginevli.

  28. Aw, this was a very nice post. Taking the time and actual effort to make a really good articleÖ but what can I sayÖ I put things off a whole lot and don’t seem to get anything done.

  29. Hi there! This is my first visit to your blog! We are a collection of volunteers andstarting a new project in a community in the same niche.Your blog provided us useful information to work on. You have done a marvellous job!

  30. Your method of explaining the whole thing in this piece ofwriting is in fact good, every one be able to without difficulty know it,Thanks a lot.

  31. Hello there, just became alert to your blog through Google, and found that it is really informative.I am going to watch out for brussels. I will appreciate if you continue this in future.Many people will be benefited from your writing. Cheers!

  32. you have a fantastic blog here! would certainly you such as to make some welcome posts on my blog?

  33. Usually I do not learn article on blogs, but I wish to say that this write-up very pressured me to try and do so! Your writing taste has been amazed me. Thank you, quite nice article.

  34. Howdy! Would you mind if I share your blog with my facebook group? There’s a lot of folks that I think would really appreciate your content. Please let me know. Many thanks

  35. Thank you for any other excellent article. Where else may anyone get that kind of information in such an ideal manner of writing? I’ve a presentation next week, and I am on the search for such info.

  36. Wonderful goods from you, man. I’ve understand your stuff previous to and you’re just too wonderful. I really like what you have acquired here, certainly like what you are saying and the way in which you say it. You make it entertaining and you still care for to keep it sensible. I can’t wait to read far more from you. This is really a tremendous web site.

  37. I?d have to get in touch with you here. Which is not something I usually do! I delight in checking out a post that will certainly make people assume. Likewise, thanks for enabling me to comment!

  38. Indeed it was. 🙂 I don’t know. When you meet cows up in the mountains, they doesn’t seem to be bothered by the bells, but I’m not sure how comfortable are they when they have to carry them all the way down to the valley.

  39. I blog often and I seriously thank you for your content. This article has really peaked my interest. I am going to bookmark your blog and keep checking for new information about once a week. I opted in for your RSS feed as well.

  40. A fascinating discussion is worth comment. There’s no doubt that that you need to publish more about this subject matter, it might not be a taboo matter but generally folks don’t speak about these subjects. To the next! All the best!!

  41. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove me from that service? Thank you!

  42. With havin so much written content do you ever run into any problems of plagorism or copyright infringement? My website has a lot of unique content I’ve either authored myself or outsourced but it looks like a lot of it is popping it up all over the internet without my permission. Do you know any solutions to help protect against content from being stolen? I’d genuinely appreciate it.

  43. What’s Going down i am new to this, I stumbled upon this I have found It absolutely helpfuland it has aided me out loads. I hope to contribute & aid othercustomers like its helped me. Great job.

  44. “Greetings! Very helpful advice on this article! It is the little changes that make the biggest changes. Thanks a lot for sharing!”

  45. outstanding post mate, even though there is a concern with backlinking in terms of e-commerce.

  46. Oh my goodness! Impressive article dude! Thanks, However I am going through troubles with your RSS. I don’t understand the reason why I am unable to subscribe to it. Is there anyone else getting similar RSS problems? Anyone who knows the solution can you kindly respond? Thanks.

  47. Aw, this was a very good post. Finding the time and actual effort to produce a great article…but what can I say… I hesitate a lot and don’t seem to get nearlyanything done.

  48. It’s really a great and helpful piece of information. I am satisfied that you simply shared this useful information with us.Please stay us informed like this. Thanks for sharing.

  49. Oh my goodness! Impressive article dude! Thanks, However I am experiencing difficulties with your RSS. I don’t know why I am unable to subscribe to it. Is there anybody getting identical RSS issues? Anyone who knows the solution will you kindly respond? Thanx.

  50. I do consider all the ideas you’ve offered in your post. They’re really convincing and will certainly work. Nonetheless, the posts are too quick for starters. May you please prolong them a bit from subsequent time? Thanks for the post.

  51. Germany’s parliament, the Bundestag, has voted in favor of an amendment to the Infection Protection Act on Wednesday, which would allow the federal government to impose nationwide lockdown measures against Covid-19.카지노사이트

  52. I get pleasure from, lead to I discovered exactly what I was looking for. You have ended my 4 day long hunt! God Bless you man. Have a nice day. Bye

  53. Este site é realmente fascinate. Sempre que consigo acessar eu encontro coisas diferentes Você também vai querer acessar o nosso site e saber mais detalhes! Conteúdo exclusivo. Venha saber mais agora! 🙂

  54. Normally I don’t read post on blogs, however I wish to say that this write-up very pressured me to check out and do it! Your writing taste has been surprised me. Thanks, quite nice post.

  55. Hey! Would you mind if I share your blog with my myspace group? There’s a lot of folks that I think would really appreciate your content. Please let me know. Cheers

  56. Having an interior designer is incredibly important since they have the knowledge and experience to help transform a space into something functional and aesthetically pleasing. Interior designers know how to balance colour, texture, furniture, and other design elements to create the desired look. They are creative problem solvers and can work their magic in any space from small closets to large outdoor decks. With an expert’s eye for detail, your own ideas can be refined and executed perfectly, elevating your space both functionally and aesthetically. Thank you for providing this content and helping us recognize the importance of hiring an interior designer!

  57. Hey, you used to write magnificent, but the last few postshave bwen kinda boring… I miss your tremendous writings.Past several posts are just a little out of track!come on!

  58. An interesting discussion is worth comment. I think that you ought to publish more on this subject, it may not be a taboo matter but usually people do not talk about such issues. To the next! Cheers!!

  59. Usually I don at read post on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, quite nice article.

  60. provigil a controlled substance – provigil vs nuvigil provigil for adhd

  61. In fact no matter if someone doesn’t understandthen its up to other visitors that they will assist, so here it occurs.

  62. I want to to thank you for this very good read!! I absolutely loved every little bit of it. I’ve got you book-marked to check out new stuff you post…

  63. I’m not positive where you are getting your information, but great topic.I must spend some time studying more or working out more. Thank you for fantastic information I used to besearching for this info for my mission.

  64. When I initially commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now every time a comment is added I get four emails with the same comment. Is there a way you can remove me from that service? Many thanks!

  65. I was suggested this blog by my cousin. I am no longer certain whetherthis post is written by him as no one else realizesuch specified approximately my problem. You’re amazing!Thank you!

  66. Wow that was unusual. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear.Grrrr… well I’m not writing all that over again. Anyhow,just wanted to say great blog!Also visit my blog post; Gorges De Soleil Cream

  67. I have observed that over the course of constructing a relationship with real estate proprietors, you’ll be able to get them to understand that, in each and every real estate transaction, a commission amount is paid. Eventually, FSBO sellers do not “save” the fee. Rather, they fight to earn the commission by doing the agent’s occupation. In doing this, they invest their money plus time to conduct, as best they’re able to, the duties of an broker. Those jobs include getting known the home by marketing, delivering the home to all buyers, developing a sense of buyer urgency in order to trigger an offer, organizing home inspections, managing qualification investigations with the bank, supervising maintenance, and facilitating the closing of the deal.

  68. Hi there! This post couldnít be written any better! Looking at this post reminds me of my previous roommate! He constantly kept preaching about this. I’ll send this article to him. Pretty sure he will have a great read. Thank you for sharing!

  69. Fastidious answers in return of this question with real arguments and telling everything on the topic of that.

  70. Well I definitely enjoyed studying it. This tip offered by you isvery useful for proper planning.Here is my blog — shaving pubic hair

  71. Hey are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any html coding expertise to make your own blog? Any help would be really appreciated!

  72. Comprehensive side effect and adverse reaction information. safe and effective drugs are available.
    stromectol prices
    drug information and news for professionals and consumers. Get here.

Leave a Reply

Your email address will not be published.