UK multinational banking and financial services company Standard Chartered (LON:STAN) (SC) disclosed it is working on a blockchain pilot for bank guarantees using R3 Corda blockchain technology in a press release Thursday, August 30.
In partnership with Siemens’ financing arm Siemens Financial Services (SFS) and trade finance platform TradeIX, the pilot began operating in March and aims to be complete by the end of 2018.