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August 28, 2017, 09:35:55 AM |
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Credit Suisse at the head of the group of banks is planning launching commercial blockchain-platform in 2018, which is designed for syndicated loans. The process of adopting has been started last year. At the testing stage, which was completed in March 2017, the development of the syndicated loan market was carried out. As a result, the capital of several loans was collated for individual borrowers based on the blockchain.
It is planned that the developing solution, will allow to reduce barriers between counterparties, costs and time in order for the necessary capital to become available. The application of smart contracts here will increase the attractiveness of the created market for investors and potential lenders.
What other financial services would be good to combine with the blockchain and AI? Suggest, we may do it :-)
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