Banks of Europe Declared “Live Blockchain” Deal Completed

July 4, 2018

European bank partnership has declared closed the first cross-border financial operation via platform based of IBM blockchain and Hyperledger Fabric technology.

The platform was created for higher efficiency of cross-border financial operations. Société Générale bank has reported, the platform is designed primarily for small and medium business, i.e. to promote them later at European markets.

Note that the event was another proof of practical use of blockchain as works in 11 states of Europe. Roberto Mancone, chief operational director of, stated the next stage in platform development will be conquering new banks around the globe.


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