The American Corporation IBM has announced the beta launch of a new payment system in the IBM World the Blockchain Wire, based on the Stellar Protocol. The solution enables the real-time operation of the clearing and settlement of cross-border payments and can be integrated into already existing payment systems.
It is expected that financial institutions for payments to transfer funds from one Fiat currency to another will be able to use stabilini, digital currency, Central banks or other cryptopecten, and IBM World Wire through the Blockchain API-tools will link their payment system, will apply and will record data about transactions on the blockchain will be protected from changes.
IBM, which claims that today serves 97% of the world’s leading banks, plans to introduce a new system in October in Australia organized the international SWIFT conference Sibos.
Recall that IBM is on the second line rating of the world’s largest inventors in the field of blockchain published by IPR Daily. The Corporation has filed 90 patent applications related to the technology of the blockchain.
In July, IBM and Columbia University have created a new research center for educational initiatives and support application development in this area. At the same time, the municipality of Riyadh, capital of Saudi Arabia, has selected IBM as a strategic partner to facilitate the implementation of technology in public services and transactions. And with the government of Australia has signed a contract for 1 billion Australian dollars ($740 million), according to which within 5 years will support government authorities, including the departments of defense and interior, using blockchain technology, and striving for process automation.
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