westpac
Top Articles from Nivesh
Blockchain News
Blockchain News

Australia’s Top Banks Move to Blockchain, as Crypto Threatens a Parallel Economy

Australia’s three largest banks have agreed to offer and process banking guarantees digitally on the blockchain. Reportedly, they have entered into a partnership with IBM and Scentre Group to start testing the new technology to digitize bank guarantees. The three banks which formed the partnership are, Australia and New Zealand Banking Group, Westpac Banking Corp,

Australia’s three largest banks have agreed to offer and process banking guarantees digitally on the blockchain. Reportedly, they have entered into a partnership with IBM and Scentre Group to start testing the new technology to digitize bank guarantees. The three banks which formed the partnership are, Australia and New Zealand Banking Group, Westpac Banking Corp,