What is an iBBT™ Open Banking™ Network? Core Mission Blockchain and distributed ledgers have a bright future. As real-time, open-source, and trusted platforms that securely transmit data and value, they can help banks reduce the cost of processing payments and create new products and services that can generate significant new revenue streams. The biggest key to turning blockchain's potential into reality is a collaborative effort among iBBT™ Open Banking members to create the next generation of fiat-to-crypto convergence networks necessary to support global payments. iBBT™ looks at the bigger picture and works with merchants—and non-banks—to help define the backbone that can underpin a universally accepted consumer/merchant adaptable, ubiquitous global payment system that can transform how merchants and consumers execute transactions. Key Factors to Adaptation The iBBT™ distributed network is a critical success factor in our blockchain adoption, but there are others. Another important one is generating internal momentum for blockchain consumer/merchant integration and implementation—an area the existing banking and merchants currently struggle to do. iBBT's™ offer of a unique security methodology is another vital reason consumers and merchants embrace iBBT™ Open Banking™ blockchain technologies, and understandably so. Beyond these factors, there is something more fundamental: The need to educate vital organizational stakeholders on blockchain's enormous potential benefits and positive impacts. Finally, we agree with industry experts that successfully applying blockchain to payments will require fostering an uncommon coordination among merchants—vital to generating the positive network effects that make blockchain so compelling. The iBBT Open Banking Network is ready to accept the challenge. Merchant and emerging financial crypto networks can offer community currency based on iBBT's™ blockchain technology. The advent of smart contracts and new efficiencies in distributed consensus mechanisms can prime equitable economic activity for a much larger segment of the global population without compromising privacy, transactional throughput, or regulatory compliance. Embedding suitable incentive structures in a blockchain marketplace could lead to a new era of trust, digital-asset-based smart economies, and improved human cooperation.