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New York-based IBM Acquires 7% Stake in Blockchain enabled Trade Finance Solution, we.trade

New York-based IBM Acquires 7% Stake in Blockchain enabled Trade Finance Solution, we.trade

New York-based tech giant IBM (NYSE:IBM) has acquired a 7% stake in we.trade, a blockchain-enabled trade finance platform that’s owned by 12 major banking institutions. Launched by nine banks back in January 2017 under the name, Digital Trade Chain, the platform was renamed as we.trade in October of that year.