First successful live transfer between banks on IBMs hyperledger

News

Live transfers of money have been successful between 10 companies, spanning 5 countries all done on Blockchain technology

We.trade, which was established by a consortium of 9 banks, has successfully completed a live test by doing 7 trades between 10 companies that span 5 countries including 4 different banks, all on the we.trade Blockchain platform

we.trade is a Blockchain based trading platform that enables cost effective international trades, built on top of IBM’s hyperledger technology

Robert Mancone, COO of we.trade, states “The we.trade platform is a live, blockchain based trade platform. These transactions prove that we.trade is a robust and commercially viable proposition. We are delighted to have launched for the first time in the world, a blockchain based platform that enhances the overall customer experience, when trading internationally. The next step will be getting buy-in from additional banks and their customers in Europe and further afield

Sourced via we.trade blog

Leave a Reply

Your email address will not be published. Required fields are marked *