Bitcoin Forum
October 23, 2017, 10:59:55 PM *
News: Latest stable version of Bitcoin Core:  [Torrent]. (New!)
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: [2017-05-30] ToI: First blockchain project ‘Clear-Chain’ is underway  (Read 316 times)
Offline Offline

Activity: 1232

View Profile
May 30, 2017, 12:36:06 AM

First blockchain project ‘Clear-Chain’ is underway

BankChain, the consortium of banking majors including SBI, ICICI Bank and DCB Bank has completed work on its first blockchain project. A blockchain is a decentralised and distributed digital ledger that records transactions across many computers in such a way that the registered transactions cannot be altered retroactively.

Titled Clear-Chain (c2), it is a permissioned blockchain for integrated and shared KYC, AML and CFT (Know Your Customer, Anti Money Laundering and Countering the Financing of Terrorism). While Clear-Chain is being tested across member banks, 4 others are expected to be completed in the next 4 months.
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!