bank

Bank guarantees: Jumping from paper to blockchain

There is a genuine need to digitize the archaic process by which tenants, banks and landlords negotiate bank guarantees. When a retailer wants to lease a property to open a store, the landlord requires a bank guarantee that says, “You’re good for the rent.” To date, this process has been primarily paper dependent. Today, some […]

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14 banks using we.trade for global trade finance, breaking down trade barriers for business

A shipment of 12 bottles of rare wine moves by truck from a small winery in France to a buyer in Spain. Twenty pieces of office furniture from the U.K. are sold to a German retailer and arrive two weeks later. Transactions like this happen daily, but for many small and medium businesses, the financing […]

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What’s the difference between a blockchain and a database?

If you are familiar with cryptocurrency, then you are probably familiar with blockchain. Blockchain is the underlying technology ensuring transactions are accurate, transparent and immutable. Why is this technology important? When you’re working across a large number of individual stakeholders, there’s always the fundamental presence of inconsistency. Even if you completely trust the other person, […]

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