Case Study: Global Bank achieves rapid, low-cost programmable cross-border payments with Plasma

Distributed Ledger Technology Supporting Programmable Money

Global Bank, a leading global bank with roughly 70,000 employees, 400 branches and 19 million customers, faced a high-priority need to develop enterprise-grade distributed applications (dApps) to support programmable money and complex cross-border transfers while moving away from legacy non-distributed systems. The bank selected Plasma to provide a Distributed Ledger Technology (DLT)–based solution to meet these requirements.

Plasma delivered a comprehensive DLT solution on time, on budget and on scope, providing synchronized digital data across institutions, full management and validation of cross-currency transactions, and a decentralized architecture that dramatically reduces transaction times. As a result, Global Bank can now transfer funds at a fraction of the cost and time of traditional banking, fully automate cross-currency handling, and offer more stable, regulated digital-currency services and new competitive capabilities.