[2016-06-03] ToI: Infosys’ Finacle plans to sign up for blockchain

[polynesia]

Infosys’ Finacle plans to sign up for blockchain

http://timesofindia.indiatimes.com/business/Infosys-Finacle-plans-to-sign-up-for-blockchain/articleshow/52562461.cms

Infosys' EdgeVerve Systems on Thursday said that it is in initial talks with banks for adopting of blockchain technology — a private ledger model of the more publicised bitcoin .

Banking regulators in India, US and Europe have started taking a closer look at adoption of blockchain for banking purposes. This December, Reserve Bank of India put out a report that "with its potential to fight counterfeiting, the 'blockchain' is likely to bring about a major transformation in the functioning of financial markets, collateral identification (land records for instance) and payments system."

[bitcoinisfurture]

This will be a good start if it happens. Atleast few other may soon in the race.