Major European Banks Successfully Test Cross-Border Trades on IBM Blockchain Platform

IBM blockchain platform: We.trade, a European blockchain trading platform, has just announced that it has completed its first live operations.

The platform was established by the major European banks Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Societe Gererale, and UniCredit. This consortium was put together to address the current issues many banks face with cross-border transactions.

Blockchain to the Rescue

We.trade is built on the IBM blockchain platform and is powered by Hyperledger Fabric. We.trade solution offers its customers a simple user-interface, new potential trading opportunities, and innovative smart contracts.

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