Topic: India's largest private Bank embraces Blockchain (Read 974 times)
That is the way to go and the bank is proactive and they will reap the fruit of their forward thinking by incorporating blockchain technology in their operations. This is the first Indian Bank to embrace blockchain technology and very soon more of the other banks in India and surrounding countries will also become blockchain compliance. This will really improve their business as the will be more gain when all loop holes are plugged and the system becomes difficult to manipulate because of blockchain and introduce fraud.
It was only a matter of time until banks start to use the blockchain for themselves. This message does not surprise me. In the future, more banks will certainly start to use a blockchain.
Blockchain has shown itself well in the cryptocurrency market, which is also a kind of financial market. In this regard, it is quite logical if banks also begin to introduce this technology into their activities. It seems to me that this will have a positive effect on the work of banking structures.
In my opinion, even if they block. then soon may come with cooperation. Many understand that Bitcoin will still be used by people and know better all operations and processes. Therefore, I think this is a temporary phenomenon.
Kotak Mahindra Bank, India's leading private bank based in Mumbai is using the country's strong market presence to drive the use of blockchain technology, create a larger pool of wealth for their economy and the future of their economy and a sound customers experience. It is a very powerful country that has the zeal to change and conform to the modern world and its doings. The use of blockchain technology will advance India far ahead in developing their market presence and it's friendliness in economy.
Blockchain is the future and this technology need to be adopted and i think soon we will see them integrated in many prjoects and companies, banks etc
Kotak Mahindra Bank, India's leading private bank based in Mumbai, has recently announced a partnership with RippleNet, the blockbuster network of Ripple, to improve its international remittance service immediately.
According to the announcement, Kotak Mahindra will use xCurrent technology of ripple to speed up international transactions. Previously, a transaction in a manner usually takes a few days, but the solution of the ripple allows the time to money down to a few minutes. Bank customers will have the opportunity to track the process of making payments across borders at a much lower cost.
This is interesting news. Although I did not doubt India, it is a powerful country that has the desire to change and conform to the modern world. The use of blockchain technology will advance India far ahead in developing
ICICI Bank will focus specifically on Blockchain systems to create a stronger experience for its customers. This news is so sweet, especially to my Indian friends. Good news, it will raise bitcoin prices and open to institutional investors and traders
India's largest private bank will focus on Blockchain technology. ICICI Bank will focus specifically on Blockchain systems to create a stronger customer experience. This news is so sweet, especially to my Indian friends.
If the private banks can embrace the blockchain , the government may likely allow bitcoins and crypto-currency in no distant future. could be they are developing suitable infrastructure for it
India is a huge market, I want it to happen sooner! It will be a push for development!
As the subject line mentioned, the largest private sector bank in India, ICICI Bank embraces the power of Blockchain technology. As a trial run, they have initiated this technology transformation with one of their counterparts Emirates NBD in Middle East. While going through my personal Linkedin profile today, I found the below update,
https://www.linkedin.com/feed/update/urn:li:activity:6397396738059132928
The change is imminent! The sooner they adopt it, the better!
https://www.linkedin.com/feed/update/urn:li:activity:6397396738059132928
The change is imminent! The sooner they adopt it, the better!
India’s largest private sector bank has a rich legacy of leveraging the latest technology to bring in new paradigms in banking. We can expect collaboration with peer banks and other partners to create an ecosystem in the banking sector they can contribute even greater adoption of this initiative.
I think that this is good news because blockchain is a good smart technology and both banks and businesses can benefit from it much. In my opinion, it is better to use the blockchain knowing the system from inside
Did you know that banks are one if not the first one to really benefited from Blockchain Technology? But the ironic part is that they are hostile against bitcoin and crypto in general, but they appreciate the same technology behind crypto. Regarding India, seems to be that they are still divided and we might see a sudden U-turn if the Supreme Court of India suddenly reverse their decision upholding RBI's ban.
I think that this is good news because blockchain is a good smart technology and both banks and businesses can benefit from it much. In my opinion, it is better to use the blockchain knowing the system from inside
This news doesn't matter at all because Indian government is against Bitcoin and doesn't allow fiat to be exchanged for fiat-crypto exchanges, much like China. Also, some people have noticed that the article is 2 years old. Useless FUD.
Yes and it is also a very good news. This can pave way for other banks to adopt blockchain technology and serve consumers effectively.
the main feature of any banking solution is trust. therefore, there is no place of anonymity. or anonymous exchange is possible between large banks, where the trust is encrypted verification
ICICI has adopted to blockchain technology two years back and now they have added 250 banks on their network for a better experience. I think all the big organizations in the world are realizing blockchain's importance which is why they are trying to get the first mover advantage to get a edge from their competitors.
As the subject line mentioned, the largest private sector bank in India, ICICI Bank embraces the power of Blockchain technology. As a trial run, they have initiated this technology transformation with one of their counterparts Emirates NBD in Middle East. While going through my personal Linkedin profile today, I found the below update,
https://www.linkedin.com/feed/update/urn:li:activity:6397396738059132928
The change is imminent! The sooner they adopt it, the better!
https://www.linkedin.com/feed/update/urn:li:activity:6397396738059132928
The change is imminent! The sooner they adopt it, the better!
Good news thanks for sharing this for the new hope for uus for bitcoin help to increase their slow motion pumping in the marketplace. Suppoting if one big private bank for bitcoin powers it's means bitcoin are have future as currency and had big chance to bedome legal in india.
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