Collaboration with Wave helps to simplify exchange of documents

Collaboration with Wave helps to simplify exchange of documents
28 November 2017   182

BBVA (Banco Bilbao Vizcaya Argentaria) has launched a system for paperless trade

transactions, which involves using of blockchain technology. Partnership of BBVA and Wave allow for cutting time of document submission. Earlier it took from 7 to 10 days but such a technology helps to reduce waiting time to 2,5 hours.

The first bargain with using this system was a transaction between Spain and Mexico. Usage of letter of credit, which is the most way to pay for wares in international trade, implies preparation of a pile of documents and the main problem during that process is a big probability of human error.

The new technology allows to validate a bargain for both parties simultaneously with using of electronic signature. The information about goods can be changed until wares are received in the buyer’s country thanks to Wave’s system.

The pilot proved that the blockchain can be used in international trading system and will help to simplify transactions.


Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
22 February 2018   71

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.