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Thursday, May 21, 2020

IBM Invests in Blockchain Network

More indications of the seriousness of the technology

IBM Takes 7% in Trade-Finance Blockchain Network We.Trade

IBM has become a shareholder in we.trade, the blockchain-based trade-finance platform jointly owned by 12 European banks.

Ciaran McGowan, we.trade’s CEO, said the deepening relationship with Big Blue will help the platform in its next phase of global expansion.

“Now we’ve got a very strong partnership with IBM for scaling globally, and we are working closely together on Asia, Africa and Latin America,” McGowan said.

We.trade has the distinction of being the first enterprise blockchain consortium to go live, which happened back in early 2018. The platform was formed by a group of banks to help European small and medium-sized enterprises (SMEs) get better access to trade finance. IBM has been the project’s technology partner from inception... " 

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