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UniCredit Bank completed the first transaction on the experimental blockchain platform This became a unique financial operation for Germany, according to the press release.

The transaction involved a German online store Navabi GmbH, which used blockchain to place an order with a Spanish supplier.

Banks Complete First Blockchain-Based Trades was established by European banks to improvethe effectiveness of cross-border financial transactions. Earlier, the founding banks of the platform, operating on the basis of distributed ledger technology, successfully conducted this type of transaction. It is planned that will start full-fledged work with international companies before the end of 2018.


1. Platform representatives are confident that such transactions are an excellent example of how traditional banks are innovating to meet the needs of their customers.

2. By conducting various transactions, demonstrates the strength of blockchain technology in business.

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