IBM and currency trading utility CLS have announced a new platform that enables financial institutions to deploy, share and consume services on a hosted blockchain network. Nine financial institutions, including Barclays and Citibank, have agreed to participate in the initial launch of the platform, which is sort of an app store for solutions that use distributed ledger technology, also known as “blockchain.” The proof-of-concept venture, LedgerConnect, allows financial institutions to access a multitude of services.
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IBM, CLS Launch Blockchain Platform for Banks
Posted by: John P. Mello Jr. July 31, 2018 10:43 AMIBM and currency trading utility CLS have announced a new platform that enables financial institutions to deploy, share and consume services on a hosted blockchain network. Nine financial institutions, including Barclays and Citibank, have agreed to participate in the initial launch of the platform, which is sort of an app store for solutions that use distributed ledger technology, also known as “blockchain.” The proof-of-concept venture, LedgerConnect, allows financial institutions to access a multitude of services.