KCN New development for solving liquidity problems
Channel: KCN News
Date: 2017-04-10

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Development of the blockchain platform for the lending  market is completed. The financial and technological research company R3, together with the technical firm HQLAX and five large banks, has developed a platform for effective liquidity redistribution, risk reduction and increased regulation transparency . The project is based on blockchain Corda R3. Currently, all participants directed their efforts to develop a prototype. David Rutter, CEO of R3 noted: “There is a heightened need for a marketplace that facilitates large scale, cost efficient collateral transfers across the global financial ecosystem, and Corda exceeded the most demanding requirements”.
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