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IBM banks on the the blockchain to boost financial services innovation

July 30, 2018

Via: ZDNet

IBM and CLS have teamed up with a number of banks to launch a financial services platform underpinned by blockchain technologies.

On Monday, the tech giant said a proof-of-concept (PoC) design has been created for the platform, dubbed LedgerConnect.

The system is a distributed ledger technology (DLT) platform intended for enterprise financial services companies including banks, buy and sell-side firms, FinTechs and software vendors.

The goal for LedgerConnect is to bring these companies together to deploy, share, and use blockchain-based services hosted on the network in order to make adoption more cost effective for companies, as well as easier to access and to deploy.

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