Blockchain technology is moving into the financial mainstream with IBM and seven European banks

  • IBM is building blockchain technology that will be used by seven of Europe’s largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday.
  • The project will mark one of the first real-world use cases of blockchain technology in financial institutions.
  • The potential of blockchain has been praised by the banking industry over the past couple of years, but the first real applications are beginning.

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
Continue reading “Blockchain technology is moving into the financial mainstream with IBM and seven European banks”

Blockchain technology is moving into the financial mainstream with IBM and seven European banks

#Blockchain al servizio delle PMI con lo use case di @IBM e altre 7 banche EU

  • IBM is building blockchain technology that will be used by seven of Europe’s largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday.
  • The project will mark one of the first real-world use cases of blockchain technology in financial institutions.
  • The potential of blockchain has been praised by the banking industry over the past couple of years, but the first real applications are beginning.

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
Continue reading “Blockchain technology is moving into the financial mainstream with IBM and seven European banks”

Blockchain technology is moving into the financial mainstream with IBM and seven European banks

  • IBM is building blockchain technology that will be used by seven of Europe’s largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday.
  • The project will mark one of the first real-world use cases of blockchain technology in financial institutions.
  • The potential of blockchain has been praised by the banking industry over the past couple of years, but the first real applications are beginning.

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
Continue reading “Blockchain technology is moving into the financial mainstream with IBM and seven European banks”

Blockchain technology is moving into the financial mainstream with IBM and seven European banks

#blockchain technology is moving into the financial mainstream with IBM and seven European

  • It’s the underlying technology that makes cryptocurrencies such as bitcoin and Ethereum possible, but it has also been talked up by banks as a way to streamline processes and make them more efficient and cheaper.
  • IBM is building this new blockchain, Digital Trade Chain, to help parties track, manage and transact internationally.
  • When a merchant sells goods to another party and those goods arrive, the blockchain triggers a payment to take place, explained Wiebe Draijer, chairman of the executive board at Rabobank, one of the participating banks.
  • “We take care of the payment that’s still the old payment technology,” Draijer told CNBC in a TV interview on Monday, “but the whole infrastructure, the administration is done on the blockchain.
  • And ultimately we will also move the payment into that blockchain solution, when the payment in blockchain is ready to be robust for large-scale application.”

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
Continue reading “Blockchain technology is moving into the financial mainstream with IBM and seven European banks”

Blockchain technology is moving into the financial mainstream with IBM and seven European banks

  • IBM is building blockchain technology that will be used by seven of Europe’s largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday.
  • The project will mark one of the first real-world use cases of blockchain technology in financial institutions.
  • The potential of blockchain has been praised by the banking industry over the past couple of years, but the first real applications are beginning.

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
Continue reading “Blockchain technology is moving into the financial mainstream with IBM and seven European banks”

BBVA’s Blockchain Fund Transfer Solution Reduces Transaction Fees by 80 Percent ⋆ Epeak . Independent news and blogs

  • Banco Bilbao Vizcaya Argentaria SA (BBVA), the second largest Spanish bank recently conducted a successful trial of its blockchain solution for fund transfers.
  • The new solution is found to cut down the time taken for international fund transfer to few seconds from four days.
  • BBVA’s blockchain solution is built on the Ripple protocol, which is quite popular among banks and finserv companies.
  • According to reports, the bank will soon roll out the new blockchain solution to its corporate customers.
  • Explaining the advantage of the new blockchain solution, BBVA’s Head of Digital Transformation in Investment Banking Unit, Alicia Pertusa said,

    Ripple is one of the few blockchain protocols that are widely used in the banking sector.

Banco Bilbao Vizcaya Argentaria SA (BBVA), the second largest Spanish bank recently conducted a successful trial of its blockchain solution for fund transf
Continue reading “BBVA’s Blockchain Fund Transfer Solution Reduces Transaction Fees by 80 Percent ⋆ Epeak . Independent news and blogs”

Blockchain Scores Big As GameCredits Reaches 12M Players On Dec 7th

  • The integration delivers a blockchain solution for a real technological demand.
  • GameCredits payment gateway will process payments in minutes and give players higher purchasing power.
  • In the near future, GameCredits will integrate on hundreds of game platforms, and be the alternative payment solution for players.
  • GameCredits Inc launches first integrated Payment Gateway for players within the popular RPG Game “Fragoria” on Dec 7th
  • GameCredits Inc was established in 2016, although the project started 3 years ago aiming to revolutionize the world of in game payments.

Blockchain Technology is set on the conquest of the Gaming Industry. GameCredits Inc launches first integrated Payment Gateway for players within the popular RPG Game “Fragoria” on Dec 7th LOS …
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