Blockchain supply chain finance platform we.trade has seen its first bank transaction. According to a Global Trade Review report, HSBC became the first bank to use the blockchain platform to execute a trade finance transaction, which occurred within the company’s second round of pilot tests...
Roberto Mancone, co-founder and chief operating officer of blockchain trade finance platform we.trade, is leaving the company and revealing his doubts about blockchain technology’s promises to transform the industry. Reports in CoinDesk on Monday (April 29) said Mancone announced his departure from we.trade, noting that...
Blockchain trade finance consortium we.trade has grown with the addition of three new bank members, reports in CryptoNinjas said Tuesday (Oct. 2). UBS is joining the consortium, as are CaixaBank and Erste Group. The three were part of the former Batavia consortium, another group formed...
The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting. And that’s only the corporate...
