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 we.trade 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 we.trade works in 11 states of Europe. Roberto Mancone, chief operational director of we.trade, stated the next stage in platform development will be conquering new banks around the globe.