Several banks from Europe reported that they have created a blockchain platform was made the first real cross-border financial transactions.

For the first time for this service became known in April. Created on the basis of the blockchain-platform IBM and its Hyperledger Fabric is a collective project of nine banks, including HSBC, Santander, Société Générale and others.

Among the main clients indicated small and medium-sized European business. The pilot launch was planned for late spring, with commercial release expected in the summer.

Last Thursday, the partners have released an announcement that the week of the transaction using the blockchain was made to the top ten companies with the support of four banks.

“The transition from testing to commit a real cross-border transactions demonstrated the effectiveness of blockchain technology when used in a corporate environment,” said the blockchain is a leading specialist European division of IBM, parm Sangha (Sangha Parm).

We will add that the new platform operates in more than ten European countries. According to Roberto Mancini (Roberto Mancone), chief operating officer, in the future we plan to enlist the support of new financial institutions in the EU and abroad.

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