IBM is never at a loss for things to do to profit from blockchain technology. It has the TradeLens supply chain blockchain developed with Maersk. It has the food safety blockchain adopted by Walmart.

Now, Big Blue and partner CLS, the bank-owned currency trading utility, say some pretty big banks have signed on to use their blockchain-based payment netting service.

Goldman Sachs and Morgan Stanley are the first companies to use the newly launched CLSNet, CLS and IBM said. Six more companies from North America, Europe and Asia, including Bank of China (Hong Kong), will be on board in the next few months.

The two companies have already “matched and confirmed the first transactions and successfully issued a netting report to the counterparties,” Ram Komarraju, managing director for technology at CLS, told CoinDesk. Read more here.

ThirtyK Staff
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