2018-10-22 14:40 |
Visa has just announced it has partnered with IBM ahead of the commercial release of its blockchain-powered global financial payments platform, B2B Connect. Upon its expected launch in the first quarter of 2019, Visa will have integrated its core assets (including B2B Connect) with the proprietary IBM Blockchain Platform, which IBM built using open-source Ethereum technology.
B2B Connect tokenizes sensitive data, like customer information and account numbers. It then generates unique identifiers that businesses can use to facilitate global payments on the platform. Visa believes that its distributed ledger (DLT) ecosystem can reduce opportunities for fraud when processing global remittances, and give…
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