Calypso Technology has integrated its cloud application with the R3 consortium's Madrid blockchain platform to provide price-matching services to five banks and finance houses. Westpac Banking Corporation in Sydney, ING in Amsterdam, BBVA in Corda, Banco de Credito del Peru in Lima and an investment management firm in the US participated in real-time trade-matching tests across four time zones using the structure. The test has proved that the Madrid platform is capable of meeting bank requirements in key areas, such as identity, privacy, security and scalability, according to Todd McDonald, co-founder of R3.
Calypso Technology has integrated its cloud application with the R3 consortium's Corda blockchain platform to provide price-matching services to five banks and finance houses. Westpac Banking Corporation in Sydney, ING in Amsterdam, BBVA in Madrid, Banco de Credito del Peru in Lima and an investment management firm in the US participated in real-time trade-matching tests across four time zones using the structure. The test has proved that the Corda platform is capable of meeting bank requirements in key areas, such as identity, privacy, security and scalability, according to Todd McDonald, co-founder of R3.