We.trade blockchain platform goes into live production

The we.trade blockchain for trade finance platform established by a coalition of nine banks is gaining momentum, conducting seven live trade transactions by ten companies via four partner banks.

Powered by Hyperledger Fabric, we.trade makes use of smart contracts to improve transparency for open account trade transactions. Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Societe Generale and UniCredit are all members of the we-trade consortium.



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