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Title: [2016-10-12] BS: ICICI Bank executes India's first transaction on blockchain Post by: polynesia on October 12, 2016, 02:28:25 PM ICICI Bank executes India's first transaction on blockchain
http://www.business-standard.com/article/pti-stories/icici-bank-executes-india-s-first-transaction-on-blockchain-116101200519_1.html ICICI Bank on Wednesday announced that it has successfully executed transactions in international trade finance and remittances using blockchain technology in partnership with Emirates NBD. "ICICI Bank is the first bank in the country and among the first few globally to exchange and authenticate remittance transaction messages as well as original international trade documents related to purchase order, invoice, shipping and insurance, among others, electronically on blockchain in real time," the bank said in a statement. The usage of blockchain technology simplifies the process and makes it almost instant-to only a few minutes. This is in contrast to the current process which involves a complex and lengthy paper trail that requires international shipping and courier, it said. Title: Re: [2016-10-12] BS: ICICI Bank executes India's first transaction on blockchain Post by: polynesia on October 14, 2016, 12:01:56 AM Almost all publications have covered this story. :)
http://www.firstpost.com/business/icici-bank-executes-indias-first-transaction-on-blockchain-3048696.html http://www.thehindu.com/business/icici-bank-executes-indias-first-transaction-on-blockchain/article9211604.ece http://www.livemint.com/Industry/R8qnQJ3Is2LAYtqt6oQeTN/ICICI-Bank-executes-Indias-first-transaction-on-blockchain.html http://timesofindia.indiatimes.com/business/india-business/ICICI-Bank-uses-blockchain-tech/articleshow/54820251.cms http://www.business-standard.com/article/finance/icici-bank-first-indian-lender-to-execute-blockchain-transaction-116101200649_1.html http://www.thehindubusinessline.com/money-and-banking/icici-bank-executes-intl-trade-finance-remittance-transactions-using-blockchain-tech-in-tieup-with-emirates-nbd/article9211310.ece http://profit.ndtv.com/news/corporates/article-icici-bank-joined-by-dubais-largest-lender-on-blockchain-project-1473363 http://www.moneycontrol.com/news/business/icici-bank-executes-indias-first-transactionblockchain_7610541.html http://zeenews.india.com/business/news/finance/icici-bank-executes-indias-first-transaction-on-blockchain_1939226.html Title: Re: [2016-10-12] BS: ICICI Bank executes India's first transaction on blockchain Post by: philiveyjr on October 14, 2016, 12:39:44 AM Would they be rolling out any of these technologies in the market any time soon or is it just testing for now ?
They say in the article they tested out 2 transactions, but nothing about how soon they would roll these out. Title: Re: [2016-10-12] BS: ICICI Bank executes India's first transaction on blockchain Post by: @prashant on October 15, 2016, 02:12:11 AM I think they are testing it out ,it will take some time to make fully functional in native bank.maybe they are inspired by wipro initial step.
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