After evaluation, Crédit Agricole Corporate and Investment Bank (CIB), the finance and investment bank of the French group Crédit Agricole, has finally entered a "pilot phase" with the blockchain network Marco Polo.
According to a press release, Crédit Agricole CIB joined the blockchain consortium Marco Polo, created by R3 and TradeIX and which today brings together more than 70 organizations, including Mastercard and major banks like BNY Mellon on a private blockchain Corda.
In Crédit Agricole CIB, we are committed to providing our customers with optimal solutions for financing their business activities and their working capital requirements. We are therefore delighted with this wonderful opportunity with Marco Polo. It’s an innovative network […] which aims to build the future of transactional commercial banking, "commented Laurent Chenain, ITTB manager at Crédit Agricole CIB.
The consortium Marco Polo aims to create efficiency gains and advance transparency in the trade finance (trade finance) and the supply chain management (supply chain).
We are pleased to strengthen our relationship with Crédit Agricole CIB as part of this pilot phase, ”added Daniel Cotti, NOC of Marco Polo.
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