European Banks Complete First Live Blockchain Financial Trades

European Banks Complete First Live Blockchain Financial TradesAccording to an official statement made today, a group of European banks established by Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and UniCredit announced they have completed the first live blockchain-based financial trades across borders via their jointly developed blockchain platform. Built on IBM’s Blockchain Platform and its Hyperledger Fabric technology, was built in a bid to boost the efficiency of cross-border financial transactions. IBM’s blockchain lead in Europe, Parm Sangha, stated:

“As has moved from pilot applications to conducting live transactions across borders, it has demonstrated the power of blockchain technology in an enterprise setting.”


Read more…

Related articles

Breaking: Trump Jumped the Gun. China Not Ready to Sign Trade Deal

China has downplayed Trump’s claim that the two sparring nations have reached a “very substantial phase one deal,” claiming that further discussions are required before signing. According to a Bloomberg report, Trump jumped the gun on Friday when he told reporters that a preliminary phase one deal was complete. The agreement in question would see…