RBI research arm tests blockchain for clearing, settlement
IDRBT releases white paper on applications of blockchain tech, examining the benefits for Indian financial sector
The research arm of the Reserve Bank of India (RBI) has created a blockchain proof-of-concept (PoC) architecture, presented in a white paper published in January 2017.
In its paper, Applications of blockchain technology to banking and financial sector in India, the Institute for Development and Research in Banking Technology (IDRBT) says it has tested the technology for core banking processes in the country.
Blockchain, or distributed ledger, technology has become the research objective for many
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