Category: SMBC

Japan’s Second Largest Bank Completes Blockchain Trial On R3 Platform

Sumitomo Mitsui Banking Corporation (SMBC) has completed a successful proof of concept on R3’s Marco Polo trade platform, according to a press release dated February 18, 2019. Done and Dusted A successful proof-of-concept (PoC) has been completed by Sumitomo Mitsui Banking Corporation (SMBC), Japan’s second-largest bank by assets, as performed […]

Japan’s Second Largest Bank—SMBC, Completes its R3 Blockchain-Based Trade Finance Proof-of-Concept (PoC) Trial

Sumitomo Mitsui Banking Corporation (SMBC), has recently announced the completion of a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. SMBC is the Only Japanese Bank Participating in Marco Polo According to a press release relaying the completion of the proof-of-concept (PoC) protocol, the bank is currently […]