Deloitte launched its latest Blockchain project called “Mercury”. It is a trade finance proof of concept. This was launchd at Consensus 2017 in New York. The Mercury platform considers new models of credit and funding gurantees codifying obligations between parties on smart contracts.
Mercury is already being tested with Hong Kong Monetary Authority and other Asian banks. Eric Pischini Deloitte Principal and Strategic Disruptor in an interview with CoinDesk states,” We need more participation in Europe and Asia to expand platform. Deloitte also has another Blockchain project called “ Regchain” a regulatory reporting platform.
Still, as Deloitte principal Eric Piscini articulated, the idea is to grow the Mercury platform even further, to encompass more participants along the global supply chain. Adoption is around the corner.”