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Briefing
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- Blockchain Platform – Seven European banks to develop blockchain platform called Digital Trade Chain (DTC) that will record or keep track of international business deals on global scale
- Participating Banks – Include HSBC, Deutsche, KBC and four other banks
- Technology – Will be based on prototype application by KBC which registers every transaction detail in a distributed ledger, resulting in streamlined processes, faster sharing of administrative data, and lower overhead costs
- Customer Market – Will benefit small and medium-sized businesses that do not have access to financial tools of large firms
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Accelerator
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Sector
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Financial Services, Information Technology
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Organization
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Deutsche Bank AG, HSBC Holdings plc, KBC Bank NV
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Source
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Original Publication Date
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January 16, 2017
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