Bank of America and the software giant will build and test technology, create frameworks and establish best practices for exchanges using blockchain. A proof of concept will also be done. Microsoft will serve as advisors and initial test clients.
Both companies said trade finance transactions are "highly manual, time-consuming, and costly." With blockchain, underlying financial processes can be digitized and automated, shorten settlement times, reduce risk, enhancetransparency and improve effici
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails