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Bitcoin Forum > Local > India > Press & News from India > [2016-06-03] ToI: Infosys’ Finacle plans to sign up for blockchain
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polynesia (OP)
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June 07, 2016, 12:49:09 AM
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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."
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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June 12, 2016, 03:08:17 PM
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This will be a good start if it happens. Atleast few other may soon in the race.
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