European Banks Have Completed the First Financial Deal Via Live Blockchain

A group of European banks announced that they completed the first financial transactions on the basis of the jointly developed platform we_trade blockchain. It should be noted that over the past five days, ten real deals were made. In this process, four banks that use blockchain technology participated.

Representatives HSBS - one of the nine institutions that created this platform as a joint venture claim that three of their clients managed to make transactions with an open account.

It should be said that we_trade blockchain was created on the IBM Blockchain Platform using Hyperledger Fabric technology. The following banks participated in the development: Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and UniCredit.

At that time, the representative of Société Générale reported that the development of the company can quickly develop, since the focus here is on small and medium-sized enterprises.

Now, we_trade blockchain operates in eleven European countries. The chief operating officer of the platform, Roberto Mancona, said that the next step should be cooperation with other banks.

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