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CordaCon Tokyo 2018
Marco Polo: a global t rade f inance in i t iat ive. Marco Polo is a trade finance industry initiative involving the world’s foremost financial institutions and supported by enterprise technology firms TradeIX and R3.
The project is focused on deploying an open trade finance platform built on a global network powered by open APIs and Corda distributed ledger technology.
Amer icas
Europe
APAC
CordaCon Tokyo 2018
“We want to better serve trade customers’ needs by converging the physical, information and financial supply chains with an optimized use of digital trade data to enable easier access to credit, enhanced risk mitigation, increased transparency and automation on a global digital platform”
- Founding Mandate From Member Banks
CordaCon Tokyo 2018
The financial and IT systems that support global trade are antiquated, siloed, and manual intensive, injecting significant cost, risk, and friction into trade processes for all parties involved.
These disconnected, inefficient systems places hard limits on business models, the types of solutions and services we offer, the way in which we offer them, where we offer them, and the types of entities we offer them too.
• Lack of standards and interoperability give rise to disconnected, siloed trade systems that do not speak to one another.
• Trade data and assets are trapped in data silos, making valuable data hard to get and even harder to verify.
• This creates major fraud, compliance, and audit risks as trading parties have little to no visibility into critical trade data.
• Reliance on manual, costly, tedious, error-prone, and redundant processes
• Aging technology makes integrations and implementation slow, costly, and complex. Legacy solutions are inflexible and difficult to build on.
• Large pools of trade assets currently not accessible for funding or inefficiently managed by financial institutions.
Trade f inance today.
CordaCon Tokyo 2018
Provide an open, smart, and interoperable technology infrastructure that connects the global trade ecosystem.
Reduce fraud risk and compliance costs by providing participants real-time visibility into a single source of truth.
Enable convergence of data from physical, informational, and financial supply chains.
Enable rapid, targeted pre and post shipment financing and risk mitigation at critical points in trade lifecycle.
Allow for simple integrations to the ecosystem of trade services like KYC and credit data providers.
Enable end-to-end financing and business process automation for multi-part trade finance transactions
Drive automation and reduce operational friction by digitizing and standardizing trade agreements using smart-contracts
Allow trade assets, data, and risk to be exchanged securely, efficiently, and in real-time
Provide a superior customer experience through light, modular, and API-driven systems and intuitive user experiences.
Make corporate integrations, internal and external, and simpler, more efficient, and more cost-effective.
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Trade f inance rewired.
CordaCon Tokyo 2018
ApplicationsPowerful trade finance solutions for pre and post-shipment financing and risk mitigation.
APIs & Developer ToolsOpen APIs, micro-services, and technology tools purpose-built for the global trade ecosystem.
ComposerEnables users to create and manage workflows, rules, business logic for trade finance programs.
Core Open technology infrastructure for global trade finance powered by distributed ledger technology.
An open technology platform for the trade finance ecosystem.
CordaCon Tokyo 2018
An open, shared, and global trade network-of-networks that allows trading parties and their systems, applications, and networks to:
• connect • exchange data
• transact
…peer-to-peer and in real-time.
The UTN is open-source technology and maintained by an industry consortium. It is designed to do for trade what the internet did for information.
Universal Trade Network (UTN)
CordaCon Tokyo 2018
Solution Demo• Receivables Finance Appl icat ion (Suppl ier & Bank)
• APIs & Developer Plat form
• Corda DLT Network
