LedgerConnect itself is one foot in the world of the blockchain, and the other in the world of traditional banking services, as it is a branch of the CLS currency trading platform, which has been operating in the forex market since 2002, six years before the first understanding of distributed registry technology. LedgerConnect runs on the IBM blockchain, which in turn is based on the Hyperledger Fabric platform, so all applications that will be located in the "store" will be compatible with Hyperledger.
A total of nine financial companies will admit a financial application to LedgerConnect, and eight organizations, including IBM, Baton Systems, Calypso, Copp Clark, MPhasis, OpenRisk, SynSwap and Persistent Systems, among the selected providers of blockchain solutions. LedgerConnect, by the way, eliminates the gap that exists between those who develop blockchain-based applications and those institutional players in the financial market who would like in one place to be able to choose a blockchain-based solution suitable for their current tasks.
