First live blockchain trade transaction conducted
In addition to speeding up the transaction time, Barclays found a way to cut costs for couriers using the Wave system. The use of blockchain to conduct such transactions reduces processes for banks, reduces risks for fraud and cuts down on delay-related expenses for companies. The Global Trade Review has the full story.
Credit Unions seek to become first to market with banking blockchain
Credit unions are coming together to form the CU Ledger blockchain project led by the Credit Union National Association and Mountain West Credit Union Association, a move that may have a greater chance at success because of cooperative nature of credit unions, according to CoinDesk.