A group of eight banks, including UniCredit, HSBC, and UBS, have finally tested a distributed ledger prototype for bonds exchange using Intel’s blockchain platform.
The banks are planning to develop a new digital cash to serve as a standard for financial trades settlement.
The San Francisco-based financial technology startup has announced partnerships with seven new banks to provide its blockchain platform for overseas payments.
The blockchain holds huge promise for the future of the financial industry, with the world’s leading organizations developing solutions based on the bitcoin technology.
UBS Group AG partner Clearmatics continues raising its funds while UBS is working with blockchain.
Arjan van Os, Head of ABN AMRO Innovation Centre, has praised the blockchain technology in a blog post on the bank’s website.