“Banks have to implement these processes because they have a legal obligation to do so – but complying with the regulations is a cumbersome, complex and expensive process. So, when developing the concept of Trust ID network, we envisioned to build a solution that would simplify these obligations for banks and turn them into an opportunity for a new competitive positioning, cost saving and new revenue stream."
"Blockchain is ideal for transforming the speed, efficiency and visibility of procure-to-pay. But in a closed-loop supply chain, the sensitivity of elements such as pricing means you have to be able to control who sees what information. R3’s Corda has that capability making it the clear first choice for our procure-to-pay application.”