An Overdue Revolution: Blockchain and Syndicated Loans

Banks are exploring blockchain’s potential to reduce settlement times and inefficiencies in the syndicated loan market.

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Banks and technology firms working with blockchain consortium R3 seem to be taking a leaf out of the Steve Jobs playbook for their latest product rollout, shrouding the research project in secrecy so they can unveil the finished article in a theatrical stage show.

“We are expecting to showcase in mid-March,” says Emmanuel Aidoo, head of blockchain technology at Credit Suisse in New York, which is working closely with R3 on the project. “We will show the market everything we’ve built.”

What R3