014 015 TREND #04 Transactions Without Borders Distributed ledgers can ease the transformation to low-friction, digital cash payments. A shared, networked digital ledger, also known as a "blockchain," can record transactions as they occur. The transaction data is shared but not copied, making it a useful platform for new kinds of currencies and payments. First employed to support Bitcoin and other cryptocurrencies, blockchain technology will be expanded if consumers accept it, and if it can generate value on a larger scale. The use cases for blockchain will span commercial, as B2B Beyond Visa recently partnered with With Visa B2B Connect, Visa aims Banks and their corporate clients well as consumer, applications. Chain, a blockchain enterprise to significantly improve the way receive near real-time notification Borders company, to develop Visa B2B international B2B payments are and finality of payment. Signed The distributed ledger protocol Connect, a new near real-time made today by offering clear and cryptographically linked provides a secure, borderless / transaction system designed costs, improved delivery time, transactions are designed to 23 for the exchange of high- and visibility into the transaction ensure an immutable system mechanism on which to build value international payments process—ultimately reducing the of record. And all parties in the complex transactions and value of companies surveyed by Juniper between participating banks, investment and resources required network are known participants on exchanges. With central banks Research said that they expected the on behalf of their corporate by banks and their corporate a permissioned private blockchain technology to be integrated into their clients. Managed by Visa end clients to send and receive architecture, operated by Visa. seemingly poised to start issuing systems by the end of 2018. digitally minted currencies, to end, Visa B2B Connect will business payments. facilitate a consistent process distributed ledgers will help accelerate to manage settlement through the shift to a cashless future. Visa’s standard practices.