Deutsche Bank, HSBC, and IBM are testing blockchain-powered bank transfers

It was confirmed today that the first cross-border, commercial transactions have been conducted on the we.trade blockchain platform – an initiative established by a group of financial giants, including Deutsche Bank, HSBC, and Rabobank. These aren’t your average bank-funded, cross-border remittances transactions powered by the blockchain, though. This particular test was a sustained cross-country, multi-bank, interoperability remittance fest. Over a whole business week, 10 companies