BBVA Joins Forces with Blockchain Company Waves to Create Shipping Solution

Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) announced on Tuesday that it will be joining forces with Blockchain company Waves. Why? Both parties want to develop a distributed ledger technology (DLT) platform that is able to process and handle shipping document submissions.

The technology has already commenced the testing stages, and results showed the system is capable of slashing the processing and handling time to two and a half hours. For perspective, the original time was 7-10 days.

The first test of the system was executed on a shipment of tuna, which went all the way to Barcelona, …
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