Toward Efficiency: Dozens of Banks Trial New R3 Corda Blockchain App

Blockchain tech’s march toward the mainstream seemingly continues as dozens of banks and other enterprises have completed trials of Voltron, a financial app created by R3 on the group’s Corda distributed ledger platform.

R3, a software firm that heads up a consortium of some 300 member companies collaborating on distributed ledger solutions, created the app with a mind toward streamlining paper-intensive enterprise Letter of Credit transactions.

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