The initial stage of a project to demonstrate how blockchain technology can be used to improve the syndicated loan market has been successfully [completed](https://www.credit-suisse.com/us/en/about-us/media/news/articles/media-releases/2016/09/en/blockchain-demonstration-shows-potential-loan-market-improvements.html). Led by Credit Suisse and managed by R3 CEV, the proof of concept will continue through the end of the year and includes participation from a number of agent banks, service providers and fund manager.