One of South Africa's largest banks has joined the global blockchain consortium led by R3CEV.
Absa Bank, a subsidiary of Barclays Africa, announced today that it would be joining the 40-plus consortium, which includes a range of banks and non-bank financial institutions worldwide. Recent participants have included Chinese bank Ping An and the financial arm of automaker Toyota.
The partnership is said to include an effort to develop a broader working group within South Africa focused on regional distributed ledger networks, with the goal of creating "the continent’s first distributed ledger-based banking solution".
http://www.coindesk.com/south-african-bank-joins-r3-blockchain-consortium