Blockchain technology has continued to show its applications in different sectors as more organizations are embracing the technology.

The financial sector is probably the sector most impacted by the crypto revolution. Cryptocurrencies and all the infrastructure built around them have generated a change in global financial dynamics with its decentralized nature.

This has prompted the traditional financial sector to implement blockchain technology in the creation of new solutions. These solutions allow operations that were previously costly in time and money to be faster and safer.

An example of this is the partnership between the largest bank in Africa Standard Bank and blockchain platform <a href="https://www.marcopolo.finance/">Marco Polo Network</a>.

This incorporation will allow Standard Bank to begin development of commercial solutions with other major banks in the world including BNP Paribas and ING.

" Standard Bank is constantly looking for ways to provide the best financial services for our clients, to help them grow their business and reach their full potential, " said Kevin Holmes, a senior executive at SB referring to the bank's entry into Marco Polo. Network.

Marco Polo Network also released a statement welcoming the development.

« Corda's distributed accounting technology guarantees traceability, consensus between the parties, and the immutability of shared records. This is the best positioned platform in the banking community to really improve your commercial products. 

We are very pleased to welcome Standard Bank and seek the development of the Marco Polo Network, which greatly increases transparency and efficiency in trade, finance, and ultimately allows businesses to optimize their capital .

Standard Bank was founded in South Africa, but currently has a commercial presence in 39 different countries.

Marco Polo Network is an initiative focused on the development of blockchain technology.  The blockchain platform provides brokerage services, cross-currency transactions and other financial products.

Currently, Marco Polo Network has incorporated more than 20 world-class financial institutions, such as NatWest, Alfa Bank, Bayern LB, RBI, Bradesco, Helaba, S-Servicepartner, Commerzbank, Anglo-Gulf Trade Bank, and Danske Bank,

It is also backed by the largest bank in the world, the Industrial and Commercial Bank of China which makes it one of the reputable projects in the industry.

The incorporation of Standard Bank bodes well for <a href="https://www.cryptoknowmics.com/crypto/rwanda-exploring-launch-of-national-cryptocurrency-in-2019/">blockchain application in Africa</a> and paves the way for more financial institutions in the continent to adopt blockchain solutions.

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Africa's Largest Bank Joins Marco Polo Blockchain Network

I am olowoporoku adeniyi, writer, editor and crypto evangelist, with five years experience in the Blockchain industry.

Africa's Largest Bank Joins Marco Polo Blockchain Network

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