|Day's Range||154.63 - 155.75|
|52 Week Range||142.50 - 182.79|
|PE Ratio (TTM)||12.77|
|Dividend & Yield||6.00 (3.89%)|
|1y Target Est||N/A|
Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies. Trade finance was identified by a survey of banks carried out by IBM and the Economist Intelligence Unit last year as one of the top areas where blockchain - the underlying technology behind bitcoin - could have an impact. Blockchain technology provides an electronic record-keeping and transaction-processing system, which lets all parties track documentation through a secure network and requires no third-party verification.
Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
Companies from Amazon to Wipro have a stake in the policies governing tech workers and immigration.