IBM: Debuts global blockchain network

IBM: Debuts global blockchain network

IBM: Unveiled a global blockchain network to offer real-time cross-border payment exchange

  • It to provide clearing and settlement of trades on a single network in real time
  • The network currently launched in the Pacific region
  • To launch the network, IBM partnered with KlickEx Group
  • IBM provides high-performance orchestration to transfer payments
  • Each payment immutable once recorded and settlement instructions provided via smart contracts on Hyperledger Fabric
  • Blockchain to support point-to-point money transfers, cutting out the intermediaries