Commerzbank: Future of Bitcoin is an ‘Open Question’
Blockchain technology constitutes a "genuine revolution" in how decentralized systems are run, Commerzbank said in a March report.
The German bank is building on five different blockchains, and not just to hedge its bets – it sees a multi-chain future.
Thyssenkrupp successfully conducted a foreign exchange transaction using R3's Corda blockchain in partnership with Germany's Commerzebank.
Commerzbank has developed a blockchain-based solution it says allows automated trucks to pay for power charging with no human involvement.
Four major banks have joined a trade finance initiative launched late last year by Switzerland-based UBS and tech giant IBM.
German banking institution Commerzbank is looking to digitize the trade finance process using blockchain.