Business
IBM, Top Australian Banks Execute Country’s First Blockchain Bank Guarantee – CoinDesk – CoinDesk
Lygon, a joint venture between several banks and IBM, said its blockchain technology can be ported to other types of payment guarantees.
A digital bank guarantee has just been executed over a blockchain system in Australia, in what’s being called a first for a commercial bank product in the nation.
Lygon, a blockchain-based platform and joint venture between the ANZ, Westpac and Commonwealth banks, shopping center operator Scentre Group and IBM, announced the “milestone” news Wednesday, saying it began trialing its technology mid-way through 2019.
The venture’s objective was to bring the 200-year-old paper-based bank guarantee process…
-
General21 hours agoForget a tariff-induced recession, Australians have been in recession for two years
-
Business21 hours agoWhere to invest $10,000 into ASX ETFs in April
-
Noosa News21 hours agoMan dies after slamming stolen car into another vehicle on rural Queensland highway
-
Noosa News23 hours agoCameron Hunt assisting police with inquiries after his wife is found dead in suspicious Geham house fire outside of Toowoomba