R3 has partnered with fintech firm TradeIX and 12 international banks to develop an open account trade finance platform powered by distributed ledger technology (DLT).

The application will allow banks to automate pre- and post-shipment financing and risk mitigation for corporate buyers and sellers around the world. It will help simplify trade, improve visibility into trade flows and simplify access to credit and risk mitigation services throughout the trade lifecycle…

Read more here: GTR