BTC: $4,041.66 +0.29%
ETH: $139.17 +1.29%
XRP: $0.31300 +0.39%
MARKETCAP: $140,926,446,817
24H VOL: $31,319,866,606
BTC: 50%

IBM-Powered Blockchain Platform is Live and Trading

banking bank has confirmed in a blog post written today that the website’s first live trades have taken place. The European-based trade site was founded in a partnership between Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Societe Generale, and Unicredit, and is one of the first trading solutions of its kind built upon the IBM Blockchain Platform.

According to reports, over the last 5 days, 20 companies have executed trades via 5 banks. These trades mark the first commercially viable open account trades using blockchain technology.

“This live trade is a massive achievement for all involved. Not only has built a technical solution, it has also managed to create real collaboration across multiple banks and increased the connectivity of the trade ecosystem. This really is collaboration at its finest,” said Roberto Mancone, Chief Operations Officer of is currently operating across eleven European countries:  Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden and the UK. The company aims to offer customers a simple to use interface which offers an enhanced customer experience for trading internationally. is also offering a number of new trading solutions for bank clients, including smart contracts.

The founders of consider the website’s launch a testament to modern banking’s willingness to provide innovative solutions to its customers in the quickly changing world of high-tech finance. Bart Leurs, Chief Digital Transformation Officer of Rabobank, echoed this sentiment, saying:

“These trade(s) represents a great example of traditional banks innovating to meet their clients’ needs by working with Our bank wants to make cutting edge technology available to our customers when it comes to trading globally. is a trading solution that our customers need.”

While some reports consider blockchain to provide necessary solutions to problems being faced in modern banking, other banks continue to speculate that the proposed value of blockchain technology in banking is largely overrated.

However, the founders of feel that the website’s launch prove that is a robust and commercially viable proposition. is now being aimed towards expanding its influence further into the financial sector. Roberto Mancone states, “The next step will be getting buy-in from additional banks and their customers in Europe and further afield.”

Join the NEW Unhashed Telegram or Follow Unhashed on Twitter for the Latest Cryptocurrency News Updates!

Bitcoin Bitcoin $4,041.66 +0.29%
Ethereum Ethereum $139.17 +1.29%
XRP XRP $0.31 +0.39%
Litecoin Litecoin $61.63 +4.05%
EOS EOS $3.71 +1.75%

Subscribe for the latest cryptocurrency news

Please enter a valid email address.
Something went wrong. Please check your entries and try again.

More Crypto News

Best Tether Wallets in 2019

January 14, 2019

Tether (USDT), the world’s most popular stablecoin, is designed to give users the stability of…

The 5 Best Stellar Wallets In 2019

January 3, 2019

Stellar and its XLM token were first launched in 2014 by Ripple co-founder Jed McCaleb.…

Best Bitcoin Cash Wallets in 2019: Picking a Bitcoin Cash Wallet for Your Needs

December 6, 2018

Bitcoin Cash (BCH), the controversial project forked from the original Bitcoin client, is now the…

Subscribe for the latest cryptocurrency news

Please enter a valid email address.
Something went wrong. Please check your entries and try again.
Scroll Up