Banks

Abu Dhabi-based Al Hilal Bank has conducted the first-ever blockchain-based transaction for an Islamic bond called Sukuk worth $500 million.

Neither the European Union doesn’t want to miss the blockchain train. For this purpose, the EC convened representatives from public institutions and the private sector in a conference entitled ‘Uniting EU Industries to lead blockchain technologies.’ BBVA was one of the EU enterprises invited to take part in this debate forum on blockchain technology.

The partnership is aimed at developing a pilot program that will benefit all Indian banks, allowing them to improve the efficiency and security of their products and procedures.

A group of oil industry giants including Shell and BP are launching a blockchain platform to facilitate post-trade processes.

The Commonwealth Scientific and Industrial Research Organization’s (CSIRO) Data61 division and Commonwealth Bank of Australia (CBA) have announced that they have successfully trialed a new type of blockchain-powered smart money.

The system leverages the power of smart contracts also allowing for simultaneous asset swapping along with the corresponding payment.

DTCC’s cloud-based platform will join hands with several other organization to implement its blockchain-based credit derivatives services.

The report says that a growing number of institutional players from the global financial space are moving towards investing in Bitcoin and the overall cryptocurrency market.

JPMorgan Chase Bank’s Quorum blockchain is to be deployed for tokenizing gold bars to ensure direct trade between entities.

Samsung SDS and ABN AMRO in collaboration with the Port of Rotterdam Authority are working on launching a container logistics blockchain pilot.