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Title: [2016-09-08] ToI: Barclays carries out world's first transaction using blockchai Post by: polynesia on September 15, 2016, 12:57:54 AM Barclays reportedly carries out world's first transaction using blockchain
http://timesofindia.indiatimes.com/tech/tech-news/Barclays-reportedly-carries-out-worlds-first-transaction-using-blockchain/articleshow/54169358.cms Barclays and an Israel-based startup company have carried out what they say is the world's first trade transaction using blockchain technology, cutting a process that normally takes between seven and 10 days to less than four hours. The transaction guaranteed the export of almost $100,000 worth of cheese and butter from Irish agricultural food co-operative Ornua -- formerly the Irish Dairy Board -- to the Seychelles Trading Company. Title: Re: [2016-09-08] ToI: Barclays carries out world's first transaction using blockchai Post by: dashingriddler on September 15, 2016, 07:05:50 AM Why was this not possible though bitcoin or Ethereum :)
Title: Re: [2016-09-08] ToI: Barclays carries out world's first transaction using blockchai Post by: polynesia on September 18, 2016, 11:34:53 PM Why was this not possible though bitcoin or Ethereum :) I think this should be possible using ethereum, given that it is nothing but a smart contract. Ideally, the monetary part of such transactions should be settled using cryptocurrencies like Bitcoin. |