Dutch banking and financial services group ING has inked a five-year licensing deal with blockchain consortium startup R3 for use of its Corda Enterprise platform.

R3 announced Tuesday that the deal will provide ING with an “unlimited” number of licenses for the Corda platform, allowing the bank to deploy its blockchain tech and “production-ready” CorDapps (or Corda Distributed Applications) across its international business operations.

CorDapps cover various financial services activities, including trade finance, identity, insurance and capital markets, according to the announcement.

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