KLM uses R3 blockchain technology for financial processing

According to Cointelegraph, KLM is applying blockchain technology to facilitate the intercompany settlement process with its subsidiaries. KLM has partnered with Dutch software startup Unchain.io to explore the potential benefits of blockchain technology for its business and internal processes. After close cooperation, Unchain provided KLM with a strategic financing application based on blockchain technology. The technology was developed by R3, a major global enterprise software company. The solution aims to simplify KLM's accounting process and settlement by implementing R3's Corda.