[2016-10-18] Mint: Infosys says it partnered ICICI Bank in blockchain pilot

[polynesia]

Infosys says it partnered ICICI Bank, Emirates NBD in blockchain pilot

http://www.livemint.com/Industry/QyOZfVoBFl6SVJvVk8TgUN/Infosys-says-it-partnered-ICICI-Bank-Emirates-NBD-in-blockc.html

nfosys Ltd’s subsidiary EdgeVerve Systems on Tuesday said it has carried out a pilot for using blockchain technology for international remittances and trade finance with ICICI Bank and Middle East-based Emirates NBD.

The use 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.