we.trade uses IBM Blockchain to create a connected platform to simplify international trade

Cross-border trade can resemble the Wild West with its inherent risks and the difficulty of navigating complex and difficult processes. Founded by a consortium of major banks in Europe, we.trade connects buyers, sellers and their banks in a network that uses IBM blockchain technology to help simplify international trading. The blockchain technology provides an immutable, single record of all transactions, reducing risk and automating transactions among trusted, vetted trading partners. Working with IBM Services, we.trade brought the platform to market quickly – from launch and pilot to full production – using iterative and agile development processes.

“Blockchain … was really the foundation block for rapidly growing we.trade, and I think that enabled us to get to market fast,” explains Cairan McGowan, General Manager, we.trade.

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•IBM Client References: http://bit.ly/1hzYvlB