R3 announces that it is working with major Brazilian banks and stock exchanges to develop a blockchain platform

According to Cointelegraph, blockchain software alliance R3 revealed yesterday that it is working with Bradesco, Itau and B3 banks to develop a blockchain platform in Brazil to support foreign trade and insurance. R3 said that it recently opened an office in Brazil and further stated that the Brazilian Stock Exchange is also using its Corda platform for digital identification.