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Infosys Finacle, R3 conclude global trial of blockchain based trade finance

23 Sep 2019 Evaluate

Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys has successfully completed a global blockchain trial in partnership with R3, one of the fastest growing enterprise blockchain software companies in the world.

The trial was completed in under 5 weeks. Eighteen banking groups joined the test network of Finacle Trade Connect - a blockchain based trade finance application, available on R3’s Corda platform. By creating a distributed, global business network of nodes running Finacle Trade Connect, the trial simulated real-world trade finance transactions. Finacle Trade Connect was launched in 2017 and is currently powering a trade network comprising of over 250 corporates.

Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.

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