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JP Morgan’s Interbank Information Network Gets Five New SK Members
23.9.2019
Five South Korean banking giants have joined JP Morgan for their blockchain-based payments initiative, the Interbank Information Network (IIN). The cross-border payments initiative operates on a ‘permissioned-variant’ of the Ethereum blockchain, dubbed, Quorum, and allows IIN members...
Bank of America Joins R3’s Marco Polo Blockchain Global Trade Network
20.9.2019
Bank of America follows in the footsteps of Mastercard to join the Marco Polo blockchain network
HSBC Used Voltron Blockchain in a Letter of Credit Transaction Using Yuan
3.9.2019
On Tuesday, HSBC used the technology of the Voltron blockchain platform and completed a transaction between Hong Kong’s MTC Electronics, sending LCD parts to its parent company in Shenzhen. It was a letter of credit transaction, done using Chinese renminbi (Yuan). Letters of credit or bankers...
Bank of America Files Patent for Multi-Tiered Digital Currency Wallet
19.8.2019
Bank of America has filed a patent for a digital asset wallet with multiple passwords and corresponding layers of access
Korea’s Oldest Bank Is Building a Blockchain-Based Security System
14.8.2019
South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution
Bank of America To Utilize Ripple Blockchain For Interbank Communication Application
22.7.2019
Bank of America has been among the leading holders of blockchain patents in the United States and has just registered one more. As per the new patent filing on Google Patents, BOA will use the Ripple Blockchain for a new interbank communication and settlement system. Ripple has been among the helm...
Alior, A Polish Bank Has Permitted Its Clients To Verify Documents On ETH Blockchain
18.6.2019
The Warsaw-based bank Alior has embraced the blockchain technology. Recently, the bank announced that it would allow its users to verify the credibility and authenticity of the important documents on the Ethereum blockchain. What makes it so special is that it is the first move of a bank towards...
Philippine Bank RCBC Waiting For Regulatory Consent To Present Stablecoin On IBM Blockchain
30.5.2019
The most significant credit card issuing bank of Philippines is waiting for regulatory approval to issue Philippine Peso based digital coin on the newly launched blockchain of IBM. The blockchain of IBM is a real-time worldwide payment network, specially created for the financial institutions...