VISA and IBM Partner For Visa B2B Connect Launch as Blockchain Digital Identity Solution

2018-10-22 18:47

VISA and IBM Partner For Visa B2B Connect launch

Visa has announced that it will join hands with IBM ahead of the launch of its new payments program, B2B connect. Visa B2B Connect, the payment giant’s enterprise blockchain platform that enables cross-border payments between businesses, is partnering IBM to integrate the latter’s development of the open-source Hyperledger Fabric framework.

As part of the B2B Connect platform, Visa will be integrating open source Hyperledger Fabric framework from the Linux Foundation with Visa’s core assets. This will help implement an enhanced method to expedite financial transactions on a scalable, permissioned network. The work between Visa and IBM will enable our mutual financial institutional clients and ecosystem to maximize the network.

Visa first announced the blockchain platform co-developed with blockchain industry startup Chain Inc.., as an alternative solution to global payments rail SWIFT for making large payments between businesses across borders. The service tokenizes a participant’s information including account numbers and other sensitive data with a unique identifier to facilitate faster transactions susceptible to lessen fraud. Fundamentally, cross-border corporate transactions sent through B2B Connect are processed from the bank of origin directly to the receiver at the beneficiary bank.

“When industry leaders in payments and in financial services technology work together using open source technology, the entire business landscape stands to benefit,” said Jason Kelley, general manager at IBM Blockchain Services. He added:

“IBM Blockchain Platform and Hyperledger technology are delivering real business value today and B2B Connect is one of the most powerful examples to date of how blockchain is transforming payments.”

Building on a 40-year relationship between Visa and IBM, this is a natural progression that highlights both companies’ commitment to ensuring a frictionless cross-border payment experience with the utmost security, trust, and transparency.

It’s worth noting Visa has long been touted as Bitcoin’s arch-nemesis. The comparisons in transaction speeds across the two networks have been made ad nauseam for years, and will probably go on for many to come. However, news like these should reinforce one’s trust in cryptocurrencies and blockchains.

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visa b2b connect ibm launch payments partner

visa b2b → Результатов: 7


Фото:

Visa интегрирует в блокчейн-платформу технологию IBM

Компания Visa в рамках подготовки к коммерческому запуску платежного сервиса B2B Connect на основе технологии блокчейн расширяет партнерские отношения для улучшения функционала платформы.

2018-10-22 18:40


Фото:

Visa интегрирует технологию IBM Hyperledger в блокчейн-платформу B2B Connect

Компания Visa в рамках подготовки к коммерческому запуску платежного сервиса B2B Connect на основе технологии блокчейн расширяет партнерские отношения для улучшения функционала платформы, говорится в пресс-релизе.

2018-10-22 17:41


Фото:

IBM and Visa partner to upend global payments using Ethereum tech

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.

2018-10-22 14:40


Фото:

Крупнейший банк Таиланда присоединился к тестам платформе Visa B2B Connect

Kasikornbank (KBank), один из крупнейших банков Таиланда, стал первым финансовым учреждением страны, присоединившимся к пилотной программе платежной блокчейн-платформы Visa B2B Connect. Решение, призванное обеспечить быстрое и надежное проведение трансграничных платежей, разрабатывалось платежной компанией с 2016 года.

2018-9-24 17:34