The Marco Polo Network is one of the largest and fastest growing trade and working capital finance network in the world.
Launched in 2017, the Marco Polo Network provides an open enterprise software platform for trade and working capital finance to banks and corporates and a distributed, blockchain-powered solution that allows for the seamless and secure exchange of data and assets between participants.
Its mandate is to provide a dramatically improved customer experience using cutting-edge trade and working capital procedures, to enable seamless data integration and exchange between trading parties. This type of network provides the basis for revenue growth and a simultaneous reduction in costs, time and risk.
Marco Polo aims to gather the entire trade ecosystem together. It is a network at its core, uniquely positioned to enable its members to benefit from “network effects”. In other words, every time a new organisation joins, the value of the Marco Polo Network increases for every other participant.
The Marco Polo Network is also part of the Digital Trade Standards Initiative (DSI), whose goal it is to create a suite of open technology standards and protocols required to enable seamless interoperability between digital trade systems, applications, and networks.
R3 is an enterprise blockchain software firm working with a broad ecosystem of more than 300 members and partners across multiple industries from both the private and public sectors to develop on Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for enterprise usage.
R3’s global team of over 180 professionals in 13 countries is supported by over 2,000 technology, financial, and legal experts drawn from its global member base. R3 is backed by investment of over USD 120 million from more than 45 firms.
The Corda platform is already being used in industries from financial services to healthcare, shipping, insurance and more. It records, manages and executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce.
TradeIX, is an award-winning technology platform provider driving innovation and change in facilitating the flow of goods, money, and credit in the $8 trillion trade finance market. TradeIX’s trade finance solutions encompass modules & applications, ERP-embedded applications, APIs & developer tools, rules & workflows, platform services and blockchain technology. This complete combination enables financial institutions and their corporate clients to easily connect and conduct trade finance.
TradeIX successfully completed the first live, in production blockchain-enabled trade finance transaction for DHL financed by Standard Chartered and credit insured by AIG. The company is proud to be working with key investors in the financial services space such as ING Ventures, BNP Paribas, Tech Mahindra and Kistefos.
TradeIX has operations in the UK, Ireland, Singapore and the US managed by a team of over 100 experts and thought-leaders in the financial technology and trade finance industry.
Video: Learn more about the talent and expertise behind the Marco Polo Network