Released: February 1, 2017
Seven major European banks are developing a Blockchain platform particularly for SMEs that will help streamline, safeguard and enhance their trade transactions throughout the continent.The move towards making use of the abilities of Blockchain innovation in trade has actually gathered rate across Europe with a few of the continents largest banks signing up with forces to develop a platform for SMEs that will cover 7 countries.The platform is
expected to go live before completion of the year, and when it is up and running there are plans to widen the effort to Central and Eastern European (CEE) markets too.
Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and UniCredit signed a Memorandum of Comprehending to team up on the improvement and commercialisation of the platform. They appear to be absolutely devoted to the job, and dedicated to supplying the needed resources to make it happen.
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