IBM Debuts Stellar-Powered ‘Blockchain World Wire’

 A report by Coin Survey, 05 September 2018.

International Business Machines (IBM) has silently developed ‘Blockchain World Wire’ (BWW) with the aim to compete with Ripple’s xRapid.

The cross-border payments via BWW will be based on Stellar protocol.

document provided by IBM illustrated several comparative advantages and quoted,  “can simultaneously clear and settle cross-border payments in near real-time.”

 

“IBM is transforming cross-border payments with IBM BWW, the integrated network for real-time clearing and settlement. This new global financial rail allows banks and financial institutions to send and settle payments around the globe with finality in a matter of seconds, eliminating enduring challenges that have long hampered the cross-border payments industry,” said IBM website.

IBM is preparing to demo the product to international banking representatives attending the annual Swift operations conference in October in Sydney.

 

Source: www-01.ibm.com, commons.wikimedia.org , pixabay , unsplash  opalesque.com, finextra.com, coindesk.com

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