Singapore-headquartered fintech firm dltledgers is set to migrate its blockchain-based trade finance solutions to Corda from Hyperledger Fabric, marking another win for R3’s enterprise blockchain platform. “We are ecstatic that one of the world’s fastest-growing trade digitisation platforms is moving to Corda,” says David Rutter, founder and CEO of R3. “dltledgers was one of the first businesses globally to pass the proof-of-concept stage, launching a full production trade solution in 2018. They have also successfully proven how different blockchains can interoperate, and can create transactional efficiency in trade and supply chain finance.” In recent years, R3 and Hyperledger have emerged as market leaders in trade finance digitisation, providing the technology for many of the successful pilots and live transactions that have happened to date. However, R3 appears to be gaining the lead. In 2019, fraud mitigation fintech Monetago, which works with organisations such as Swift and Singapore-based trade technology platform GUUD, a company of vCargo Cloud, left Hyperledger for Corda, citing data privacy, scalability, interoperability and developer productivity reasons. This came after the Blockchain Insurance Industry Initiative, B3i, a joint effort between 13 insurance and reinsurance companies to leverage blockchain for insurance, partnered with R3 to bring its solution into production on… continue reading
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Source: CTRM Center