Seven global banks have selected IBM to build a new blockchain-based international trading system. Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and UNICREDIT had in January came together to build a ‘Digital Trade Chain (DTC)’, a blockchain-based trade finance platform. And the banks have selected IBM to build DTC following a global competitive bidding process. DTC will use the same technology that underpins digital currency bitcoin to connect all parties involved in international trade - buyers, sellers, transporters, banks financing the deals, and so on. The hope is that this leads to more financing for people lower down the chain as banks can be confident seeing the end buyer is good for the money. IBM will build the platform on its blockchain platform of choice, HyperLedger Fabric.