Commonwealth Bank and Wells Fargo Finalize Cotton Trade On A Blockchain

Commonwealth Bank and Wells Fargo Finalize Cotton Trade On A Blockchain

Traditional banking has taken a wait-and-see approach when it comes to blockchain for far too long. Everyone active in the world of blockchain is well aware of how major banks take a vested interest in this technology. Up until this point, very few of those projects have created something useful. But Commonwealth Bank of Australia and Wells Fargo completed an international trade using distributed ledgers. Several different applications were used in the process. This collaboration between these two global banks and Brighann Cotton Marketing is quite an intriguing one. By using blockchain....


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