Cross-border trade can resemble the Wild West. The inherent risk of trading with new partners, cumbersome currency conversions and slow and manual processes have meant that some businesses avoid trading altogether.
Founded by a consortium of major banks in Europe, we.trade connects buyers, sellers and their banks in a trading network based on the IBM Blockchain. Blockchain technology provides an immutable, single record of all transactions. Key benefits include reducing risk, automating transactions and integrating the end-to-end trade process, simplifying cross-border trading.