Indian tech giant Mahindra accelerates cross-border transactions with blockchain

According to Cointelegraph, Tech Mahindra, an IT subsidiary of the Indian conglomerate Mahindra Group, has become the first Indian company to use R3's blockchain-based Marco Polo network for cross-border transactions. Tech Mahindra works with DBS Bank Singapore to use Marco Polo's receivable discount products. The product is designed to help companies optimize their working capital, increase liquidity and mitigate credit risk.