IBM and UBS Partner with Four Other Banking Giants to Create a New Global Trade Finance Platform, “Batavia”
Backed by UBS Group AG, IBM leads four other banking giants in developing an initiative to build a new blockchain-based global trade platform.
IBM and UBS initially formed this idea in 2016 and is now being joined with four banks namely Bank of Montreal, Erste Group, Commerzbank and Caixabank.
The new platform will be called 'Batavia' and will be openly accessible by any small or large organizations all over the world.
Batavia will support trade finance for all modes of trade transactions, including goods transportation by land, air and sea.
The group is still consulting with the transportation industry and their bank customers to ensure the flexibility and intuitiveness of the platform for customers and can be eventually released commercially.
The platform will have its pilot transactions with customers on the blockchain early starting of 2018 for testing and refining.
The CryptoFriends Netup Barcelona: A Gathering of Blockchain Experts, Developers and Investors
Today, October 6, 2017, The CryptoFriends Netup is being held at Purobeach, Hilton Diagonal Mar, Barcelona.
The event is the latest creation of the CryptoFriend, a global group that organizes unequaled, high-end, blockchain-related events where notable people, enthusiasts, investors and blockchain-based projects from around the world gather to discuss ideas and create long-term partnerships.
There will be ten new, innovative and ground-breaking ICO projects to pitch for investment in the event and three of them will be selected as top projects to participate at the ICO-Hypethon in Singapore which will be held on November 29 to 30 this year.
Hot industry topics will also be discussed during the event such as Blockchain opportunities for logistics, real estate and government, how to smartly invest with cryptocurrencies and legal aspects of launching Initial Coin Offerings.
The event will also include networking opportunities, speaking sessions and panel discussions about the latest trends in ICO, expectations on the industry and how China could affect its future.
The Central Bank of Singapore has Introduced 3 New Blockchain Payment Prototypes
The Monetary Authority of Singapore or MAS, together with Association of Banks in Singapore or ABS has revealed a new set of Blockchain prototypes as the 2nd phase of the “Project Ubin”.
The project is an idea that started last year to tokenize the Singaporean Dollar and has grown today to its current development having prototype tools from all parts of the interbank settlement process.
Sopnendu Mohanty, the regulator's chief fintech officer hopes that this will create a spark for further research developments that will include those between the MAS and other institution alike.
Headlines for the world of Cryptocurrencies - October 05, 2017Dubai aims to be a Blockchain City by 2020 / Avanza Bank, the Biggest Online Stockbroker Adds Bitcoin Services / EXMO has Added Ripple to its Cryptocurrency Trading Platform |
|---|
Headlines for the world of Cryptocurrencies - October 04, 2017Ripple Announces a New Ripple Gateway Application / Coinbase Plans to Launched Operation in New Zealand / Russia to Add Cryptocurrencies to the Population's Financial Literacy Strategy |
Headlines for the world of Cryptocurrencies - October 03, 2017Goldman Sachs to operate Bitcoin Trading / United States to Legalize Bitcoin and Cryptocurrency Exchanges |
