R3 has completed trade finance blockchain trials in over 70 organizations

R3 has closed its largest open account trade financing trial on the Corda platform. The trial included more than 70 organizations from more than 25 countries. TradeIX stated that the trial tested working capital applications developed by TradeIX and focused on receivables financing products on the Marco Polo platform. Accounts receivable financing refers to companies selling receivables to third parties at discounted prices. In exchange for immediate cash payments. Note: Marco Polo was founded by R3 and TradeIX and is built on R3's Corda blockchain platform. The network is designed to provide real-time connectivity, increase visibility of trading relationships, and reduce barriers to accessing funds.