Banks of Europe have tested the blockchain platform named we.trade

A group of European banks has conducted a number of financial transactions in real time mode on a jointly developed digital platform named we.trade using blockchain technology, finversia.ru writes with reference to the Coindesk message. During the last 5 days, financial transactions were conducted in real time mode between 10 companies with the participation of 4 banks that used blockchain technology. Coindesk quotes IBM CEO Parma Sangha as saying: “As we.trade moved from pilot applications to real cross-border operations, it has demonstrated the power of blockchain technology.” We.trade, a blockchain platform based on the IBM digital platform, currently operates in 11 European countries.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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