SMBC to start offering blockchain services in the second quarter of 2019. “Sumitomo Mitsui Banking Corporation has joined Marco Polo to build a global platform”¦” SMBC’s vice chairman, Yasuyuki Kawasaki. According to CoinDesk Japan, Sumitomo Mitsui Banking Corporation (SMBC), the third largest bank in crypto-progressive Japan is preparing to start offering blockchain services in the course of the second half of 2019. The banking giant is going to leverage R3’s Marco Polo blockchain network. The Marco Polo network members include BNP Paribas and ING. SMBC has now joined the existing members to integrated the platform powered by R3’s Corda enterprise blockchain platform. Last month, the product made the first trade finance, an operation that involved a number of German firms in conjunction with Commerzbank, a local bank. SMBC’s vice chairman, Yasuyuki Kawasaki commented on the success of the trade saying: “Trade finance [“¦] is very complicated, and many of the documents necessary for trade transactions are paper-based and complex.” He said in continuation: “This time-consuming process has been going on for 100 years. Sumitomo Mitsui Banking Corporation has joined Marco Polo to build a global platform, and is preparing to provide new services later this year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CHF rallies back closer to multi-month tops, further beyond 1.0200 mark ahead of US data FX Street 4 years SMBC to start offering blockchain services in the second quarter of 2019. "Sumitomo Mitsui Banking Corporation has joined Marco Polo to build a global platform"¦" SMBC's vice chairman, Yasuyuki Kawasaki. According to CoinDesk Japan, Sumitomo Mitsui Banking Corporation (SMBC), the third largest bank in crypto-progressive Japan is preparing to start offering blockchain services in the course of the second half of 2019. The banking giant is going to leverage R3's Marco Polo blockchain network. The Marco Polo network members include BNP Paribas and ING. SMBC has now joined the existing members to integrated the platform powered by R3's Corda enterprise… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
