Barclays documents global trade transaction on blockchain platform Wave

Signal of change / Barclays documents global trade transaction on blockchain platform Wave

By Anna Simpson / 30 Nov 2016

Barclays Bank reports that it has documented a global trade transaction using blockchain technology on the platform Wave.

The record is of a credit transaction is between Ornua (formerly the Irish Dairy Board) and Seychelles Trading Company.

So what?

Barclays hopes this transaction, which it describes as 'landmark', could "herald a new era of simpler, safer and faster trade finance".

Sources

https://www.barclayscorporate.com/insight-and-research/trading-and-exporting/blockchain-revolution-in-trade-finance.html

What might the implications of this be? What related signals of change have you seen?

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