On 30 July, IBM and CLS announced the collaboration to launch LedgerConnect for financial institutions. Meanwhile, Fintech and software providers will deploy the services hosted on the network.
There are countless financial institutions that are rapidly using distributed ledger technology (DLT) in their operations. Similarly, IBM and CLS are working on a proof of concept (PoC) for the distributed ledger technology (DLT) platform called LedgerConnect for the financial services.
This will enable the banks and side firms- Fintech and software providers to deploy contribute and consume most of the services from the distributed ledger network.
However, this idea will share the apps and services on a familiar DLT platform which will offer financial processes the access to DLT-based services from a single safe network.
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