Bankchain
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BankChain was an Indian platform and initiative for banks to implement blockchain software that was launched in 2017. A majority of the major banks in India were members and the platform was designed for systems that shared data between its members.
History
[edit | edit source]BankChain was announced on 8 February 2017 by State Bank of India (SBI), India's largest bank.[1][2] BankChain members included the State Bank of India, ICICI Bank, DCB Bank, Kotak Mahindra Bank, Federal Bank, Deutsche Bank and UAE Exchange.[3] BankChain was formed in collaboration with Primechain Technologies, a Pune-based startup.[4]
Projects
[edit | edit source]As of 2017[update], the active projects included shared KYC / AML, syndication of loans / consortium lending, trade finance, asset registry & asset re-hypothecation, secure documents, cross border payments, peer-to-peer payments, and blockchain security controls.[3][5]
References
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External links
[edit | edit source]- Official Website Archived 2017-04-04 at the Wayback Machine