With a view to enhance privacy of data sharing, the Bank of England and Chain are examining the DLT system opportunities.
The banks will be mainly involved in testing and validating the application to evaluate how the technology scales and performs.
John Hancock Financial has started to use blockchain to find out how distributed ledger technology could reinvent established insurance industry processes.
R3 CEV has unveiled the news on the Blockchain & Distributed Ledger Conference in New York.
Visa Europe Collab, Visa Europe’s innovation hub, teamed up with Epiphyte to work on the new proof of concept for blockchain-based international remittance services.