IBM's Blockchain 'Cross-Border' Payments Initiative With Silicon Valley Firm To Drive Efficiencies - News Summed Up

IBM's Blockchain 'Cross-Border' Payments Initiative With Silicon Valley Firm To Drive Efficiencies


And, currently they have around 1,600 staff in working in blockchain and distributed ledger technology (DLT) across all areas and sector. Specifically, the solution uses IBM Blockchain technology to provide both clearing and settlement of trades on a single network in real time. However, today the reality is that making international payments in developing countries can be costly, laborious and error-prone. Together with IBM’s universal blockchain payments solution that runs on the Hyperleder Fabric, and Stellar, KlickEx is trying to change that by using blockchains. Stellar.org supports the Stellar network, which is a free, open-source blockchain network, that connects diverse financial systems and allows anyone build low-cost financial services - be it payments, savings, loans, insurance - for their community.


Source: Forbes October 16, 2017 21:45 UTC


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