IBM has announced that it has been selected by a consortium of seven of Europe’s largest banks to build and host a new trade finance platform based on IBM Blockchain powered by Hyperledger Fabric. The platform is designed to simplify and facilitate domestic and cross-border trade for small and medium enterprises in Europe, while helping to increase overall trade transaction transparency.
Through a global competitive bidding process, IBM was selected by the Digital Trade Chain Consortium which consists of Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit.
Read more here: http://www.the-blockchain.com/2017/06/27/seven-major-european-banks-select-ibm-bring-blockchain-based-trade-finance-small-medium-enterprises/
Really big if this happens!
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This is very big and exciting news - thanks for sharing this @zeroshiki! As an Engineer at IBM, I am starting to weigh the benefits of using IBM Blockchain versus the Ethereum blockchain to build decentralized applications.
Now we know what IBM was talking about in London with the founder of Stellar Lumens back in May....
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@steemcleaners
citing source doesnt fall under fair use as majority of content is plagiarized/ Multiple offences
Spam flagging in retaliation to tags
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Please place this as a reply to the post and not as a reply to my comment. Thank you!
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sorry
noticed you had liked and thought would let you know
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More credibilty for Bitcoin. These banks are really being drawn to blockchain technology. Seems to me that the smart money is getting on board to the benifits of crypto currency even though they hate to admit it. I can work with that!
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Good and informative post dude
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