The platform called Quorum will allow using a publicly available system for confidential transactions.
The testing is a part of bank’s blockchain project aimed at adoption of the technology to the banking industry.
The largest British fund houses joined forces to explore the possibility of the bitcoin technology blockchain to improve the sale of securities.
The project aims at transformation of loans and settlements with a help of blockchain technology.
Only 14% of those interrogated predicted that banks can suffer from financial technology disruption.
Even though investments in Bitcoin startups have recently decelerated, financial institutions like American Express are still getting more interested in the potential of BItcoin.
Former JPMorgan Chase & Co. executive Blythe Masters will become CEO of cryptocurrency startup Digital Asset Holdings, which formally launches on Wednesday, March 11, 2015.