**Five banks conduct cross border Trades on the IBM blockchain powered platform**
Good news to the block chain community
European Blockchain trading platfom completed its first five operations today involving 20 companies and five major banks on Tuesday 3 July 2017.
Trade was established on Deutsche Bank, HSBC, KBC, Natixis, Nordea, Rabobank, Santander, Société Générale and UniCredit on the IBM powered blockchain platform in a bid to boost the efficiency of cross-border financial transaction.
Trade has moved from pilot applications to conducting live transactions across borders, it has demonstrated the power of blockchain technology in an enterprise setting.
Bank-sponsored blockchain platforms are becoming an increasingly crowded space both in Europe and beyond.
Watch out for this new Era of digital currency
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