European Banks to Test Live Blockchain Financial Trades

The project involved Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and UniCredit
03 July 2018   481

A group of European banks announced the successful conduct of a cross-border financial transaction using the we.trade blockchain platform, CoinDesk reports.

The experiment was held for five days with the participation of 10 companies, the operations were processed by four banks using blockchain.

The project involved Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and UniCredit. One of the project participants, HSBC Bank, said that three of its clients managed to complete transactions via we.trade within Europe.

In the development of we.trade, which is designed to improve the effectiveness of cross-border financial transactions, the IBM blockchain and the Hyperledger Fabric technology were used.

As we.trade has moved from pilot applications to conducting live transactions across borders, it has demonstrated the power of blockchain technology in an enterprise setting.
 

Parm Sangha

Blockchain Lead, IBM Europe

Currently, we.trade operates in 11 European countries, but it can expand shortly. So, the operational director of the platform Roberto Mancone has already informed that the next step will be the attraction of additional banks and their clients both in Europe and abroad.

Bitcoin Cash Hardfork Implemented

Hardfork of a hardfork... just don't get confused in this crazy world of cryptocurrency
16 November 2018   81

Today, on November 15, a hardfork was implemented in the Bitcoin Cash (BCH) network. The first block in the Bitcoin ABC blockchain has mined a pool of Bitcoin.com.

The last “common block” was # 556,766, mined by SVPool. on which the protocol update was activated.

Bitcoin SV got its first block. Now we can definitely talk about the division of Bitcoin Cash into two competing blockchains. Roger Ver, right before the hardfork, said that his pool had sent a significant amount of power to mining Bitcoin ABC.

Bitfinex exchange announced the transfer of BAB and BSV coins to the accounts of BCH holders.

Poloniex converted all BCH balances into assets BCHABC and BCHSV. At the same time, the BCH market became unavailable. Instead, the BCHABC / BTC, BCHSV / BTC, BCHABC / USDC and BCHSV / USDC trading pairs appeared. I / O of BCHABC and BCHSV is not yet available, but will open when the network stabilizes.