Verified
6 months ago
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On July 3, European blockchain trading platform we.trade announced that it had finished its first live operations, which involved twenty enterprises and five major banks.

The blockchain platform, which declares to arrange a “more efficient and cost effective way” for banks and companies to trade, uses IBM’s Blockchain Platform, which is powered by Hyperledger Fabric.

Some of blockchain solutions are at the moment under assessment by the banking sector. The platform considers Deutsche Bank, HSBC, KBC, Nordea, Rabobank, Natixis, Santander, Société Générale and UniCredit as its founding members.

Currently available in eleven countries in Europe, the platform’s spreading plans depend on future lenders coming on board.