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MarakVees

SBI to use blockchain for smart contracts and KYC by next month

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Hi All good Morning. 

Came across the article above, link here https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-to-use-blockchain-for-smart-contracts-and-kyc-by-next-month/articleshow/61715860.cms

I understand that this is SBI India, not SBI Asia however anyone aware if Ripple are in anyway involved in this?

 

Thanks

Edited by karlos
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Smart contracts, first thought, Ethereum. But that's just my first impression. 

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5 hours ago, MarakVees said:

I understand that this is SBI India, not SBI Asia however anyone aware if Ripple are in anyway involved in this?

https://www.paxos.com

These applications are part of BankChain, a community of 27 banks, which have joined hands to explore and build blockchain solutions for banking. 

BankChain was formed in February with State Bank of India being the first member. It now has 22 Indian banks, including ICICI Bank, DCB Bank and Axis Bank, and five Middle East-based banks. BankChain has tied up with Pune-based startup Primechain Technologies to create these solutions.

Paxos investors:

RRE VENTURES
image.thumb.png.1d452d061c12a1b4d28fdd671002fd7c.pnghttp://www.rre.com/

 

Canaan

image.thumb.png.433b8f8bdec0d8239dcbceb4a3cbcd47.png

 

Maybe not Ripple but we can dream of some XRP being used in this project :P

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