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31 May 2020

IBM Takes 7% Stake in Trade-Finance Blockchain Network We.Trade - CoinDesk

IBM Takes 7% Stake in Trade-Finance Blockchain Network We.Trade - CoinDesk


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The platform was formed by a group of banks to help European small and medium-sized enterprises (SMEs) get better access to trade finance.

“It’s all about getting the right balance,” McGowan said this week regarding IBM’s new role as part-owner of the platform, as well as the sole technology provider.

Still, McGowan said we.trade plans to interoperate with Hong Kong’s eTradeConnect, a blockchain-based trade finance platform formed by 12 Asian banks

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