batavia

Blockchain-based Batavia platform set to rewire global trade finance

After being stagnant for a long time, the global trade finance industry has been on the receiving end of efforts to innovate through new technologies and development. Several of these efforts are based on the use of blockchain, a type of shared, distributed ledger on which the history of transactions is digitally recorded and cryptographically […]

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Three uses for blockchain in banking

The banking and financial services industries have a complex relationship with blockchain, the distributed ledger technology that was popularized by cryptocurrencies such as Bitcoin. On the one hand, blockchain presents numerous opportunities to transform how people exchange value. The technology provides participants in a business network with a shared, immutable history of transactions — records […]

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New collaboration on trade finance platform built on blockchain

Challenges in international trade finance are a major barrier to growth in global trade. Trading partners today rely on a on complex and paper-heavy process to secure their transactions. Seeking to address this issue, Swiss bank UBS and IBM began work in 2016 on a global trade platform based on blockchain, the shared, distributed ledger […]

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