Major Banks, Regulators Trial 'Know Your Customer' App on R3's Corda

in crypticcurrency •  7 years ago 

Major Banks To say2222.PNG

A group of banks and regulators, including big names like BNP Paribas and Deutsche Bank, have conducted a trial of a know-your-customer (KYC) compliance application built upon R3's Corda blockchain platform.

The 39 participants put the app – built by New York-based tech firm Synechron – through a four-day test of the app using 45 nodes in Microsoft Azure, according to a press release. Ultimately, the group managed to conduct over 300 transactions in 19 countries across eight timezones.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

@kader52337, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

Thank you in advance!

tnx...........i follow you

Cool, thanks for sharing.

tnx.....But u plz vote me and i follow you