![]() ![]() BBVA shares this view: the bank has made a commitment to new technologies such as blockchain, which allow it to offer innovative financing approaches to its corporate clients.īlockchain technology offers advantages that are particularly tangible in processes that involve a substantial number of parties, such as in syndicated funding projects. Clearly, digital transformation creates opportunities that improve both our lives and our businesses. For BBVA the use of blockchain is purely about using innovation to deliver a better client experience, automating the process for ease and minimising operational risk because of the underlying principles of the blockchain.Īdvances in technology contribute to economic progress and have a direct, long-term impact on society’s well-being. ![]() The whole facility’s negotiation process was closed over the blockchain network, which allowed a significant expediation of the process while ensuring full documentation tracking and negotiation transparency. Although other companies have launched platforms that could enable this to happen, this is the first time a real life deal has actually been done. A global first, the transaction represents a major achievement within the slew of pilots that are being carried out in the market to explore potential applications of distributed ledger technologies. ![]()
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