IBM Partners With International Banks to Develop Blockchain Trade Finance Platform

IBM partners with international banks in order to develop a blockchain finance trade platform, Batavia, which resulted in the finance platform first life pilot transactions. This reported by Finextra on April 19.

The Batavia platform tracks events in a product supply chain while other key events execute Smart contracts that close trade agreements.

FREE CRYPTO DIGITAL TOOLBOX - Free Price Notifications, Live Crypto Chart, Crypto Explorer, Daily Winner/Losers, Conversion Calculator, and more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

The initial transactions involved sending cars from Germany to Spain and furniture production textiles from Austria to Spain according to the press release.

Niko Giesber of Commerzbank, one of the international banks involved with the partnership states…

“Trade data and smart payment, which is automatically triggered by the transport data, form an important basis for risk management and financing instruments and add value to every supply chain.”

Batavia may also look into other partnerships with fintech and financial institutions moving forward as they plan on building out a product ready solution.

Leave a Comment

Latest Crypto News

TRON Reportedly Acquiring BitTorrent Inc.

TRON Reportedly Acquiring BitTorrent Inc

TRON Reportedly Acquiring BitTorrent Inc. TRON is currently in the process of acquiring BitTorrent Inc by founder Justin Sun, as reported on Friday, May 25. Justin Sun had previously suited BitTorrent Inc earlier in the

Cryptocurrency Crimes: The Ugly Side to Crypto

Cryptocurrency Crimes: The Ugly Side to Crypto

Cryptocurrency Crimes: The Ugly Side to Crypto Cryptocurrencies and blockchain technology has opened doors to many new innovations and has positively impacted people all over the world. Along with the positive roles it’s played in

Cryptocurrency-Markets-Seeing-slight-growth

Cryptocurrency Markets Seeing Slight Growth

Cryptocurrency Markets Seeing Slight Growth May 20: Crypto markets saw some growth over the past 24 hours, with all of the top ten cryptocurrencies listed on Coinmarketcap currently in the green and total market capitalization approaching $392 bln. Bitcoin (BTC)

Tether Generates $250 Million Worth of USDT

Tether Generates $250 Million Worth of USDT

Tether Generates $250 Million Worth of USDT In the latest controversial move by stablecoin Tether, $250 million worth of new USDT tokens were generated on May 18 according to the Omni Explorer. This brings the

Coinbase Discussing Application for Banking License

Coinbase Discussing Application for Banking License Coinbase, the cryptocurrency exchange platform met with US regulators today in order to discuss applying for a banking license according to the Wall Street Journal. The firm met with

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$7,550.55
1.23%
2
Ethereum
Ethereum
$598.83
0.50%
3
Ripple
Ripple
$0.6209
0.38%
4
Bitcoin Cash
Bitcoin Cash
$1,031.29
0.16%
6
Litecoin
Litecoin
$121.35
1.05%
8
Cardano
Cardano
$0.2025
0.64%
7
Stellar
Stellar
$0.2921
1.53%
11
NEO
NEO
$53.535
-0.50%
5
EOS
EOS
$12.625
4.15%
10
IOTA
IOTA
$1.5213
-0.06%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World

 

Pin It on Pinterest

Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
LEARN TO TRADE WITH
OUR FREE CRYPTO COIN
JUNKY HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
LEARN TO TRADE WITH OUR FREE CRYPTO COIN JUNKY HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Free Crypto Trading Guides, Tutorials, Latest
Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK