ING Bank gets unlimited access to R3s Corda

Tuesday 22 January 2019 00:57 CET | News

ING Bank has signed a five-year deal with R3, entitling the bank to an unlimited number of licences for R3’s commercial blockchain platform, Corda Enterprise.

The deal will allow ING to roll out access to Corda globally and deploy production-ready CorDapps, which cover a range of financial services activity including trade finance, identity, insurance and capital markets.

Corda Enterprise is a commercial distribution of Corda, offering features targeted at the needs of large organisations, such a blockchain application firewall and support for industry-standard enterprise databases.

In recent news, R3 launched Corda Network, an underlying, open shared blockchain network linking participants using Corda.

The network will be operated and managed by a new independent not-for-profit organisation, the Corda Network Foundation.

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Keywords: ING Bank, R3, Corda, banking, blockchain, innovation, partnership, trade finance, Europe, Netherlands
Countries: World