It was confirmed today that the first cross-border, commercial transactions have been conducted on the we.trade blockchain platform – an initiative established by a group of financial giants, including Deutsche Bank, HSBC, and Rabobank. These aren’t your average bank-funded, cross-border remittances transactions powered by the blockchain, though. This particular test was a sustained cross-country, multi-bank, interoperability remittance fest. Over a whole business week, 10 companies conducted trades on the we.trade platform, making use of four different banks across five countries. The list of participants boasts high profile brands like Santander, Societe Generale and KBC. Participation spans across 11 European countries,…
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Tuesday, 3 July 2018
