Case Study: Banco Santander achieves more efficient international payments and smart contracts with IBM Blockchain

Transforming online payments and smart contracts using IBM Blockchain

Banco Santander, through its blockchain lab and participation in the we.trade consortium, was looking for new ways to modernize online payments and smart contracts while addressing the needs of corporate banking customers and markets with limited payment infrastructure. Working with IBM Blockchain, Santander focused on solving real business problems rather than just testing blockchain technology.

IBM helped implement the we.trade solution on the IBM Blockchain Platform, powered by Hyperledger Fabric, giving customers a user-friendly interface built on smart contracts. The result was a more efficient and cost-effective approach to international trade, with new opportunities for payments, liquidity management, and cash management enabled by blockchain technology.

Banco Santander

Juan Jiménez Zaballos

Group Vice President