Bankchain
BankChain was an Indian platform and initiative for banks to implement blockchain software that was launched in 2017. A majority of the major banks in India were members and the platform was designed for systems that shared data between its members.
History
BankChain was announced on 8 February 2017 by State Bank of India (SBI), India's largest bank.[1][2] BankChain members included the State Bank of India, ICICI Bank, DCB Bank, Kotak Mahindra Bank, Federal Bank, Deutsche Bank and UAE Exchange.[3] BankChain was formed in collaboration with Primechain Technologies, a Pune-based startup.[4]
Projects
As of 2017[update], the active projects included shared KYC / AML, syndication of loans / consortium lending, trade finance, asset registry & asset re-hypothecation, secure documents, cross border payments, peer-to-peer payments, and blockchain security controls.[3][5]
References
- ↑ Srikanth RP (25 Jul 2018). "Bank-Chain: India's first Blockchain exploration consortium launched for banks" (in en-US). Express Computer. http://computer.expressbpd.com/news/bank-chain-indias-first-blockchain-exploration-consortium-launched-for-banks/20453/.
- ↑ Sangita Mehta (16 Feb 2017). "SBI takes lead in blockchain, to use it to prevent fraud - The Economic Times" (in en-US). The Economic Times. http://economictimes.indiatimes.com/articleshow/57178212.cms.
- ↑ 3.0 3.1 "BankChain members and partners". http://www.bankchaintech.com/members.php.
- ↑ Vardaan (2017-02-14). "Introducing Bank-Chain, India's First Blockchain Exploration Consortium For Banks". http://www.indianweb2.com/2017/02/14/introducing-bank-chain-indias-first-blockchain-exploration-consortium-banks/.
- ↑ "Adarsh Credit partners with BankChain to Deploy blockchain solutions". 23 Jan 2018. https://www.business-standard.com/article/news-ani/adarsh-credit-partners-with-bankchain-to-deploy-blockchain-solutions-118012300712_1.html. Retrieved 25 October 2018.
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