Not only ICICI but other banks of India should try to embrace the blockchain technology sooner or later because Reserve Bank of India is currently thinking of regulating cryptocurrency after the recent hearing of Supreme Courty. They have even come up with draft regarding the regulations so that government can get a hold of all the transactions.
Topic: India's largest private Bank embraces Blockchain - page 2. (Read 987 times)
I think this is a good news for all the cryto users. I didn't know about it neither I have read it on news paper. If all bank will starts using it then I think cryptos will be regulated soon. I have read somewhere that government made a blockchain research center in south Indian state if all this go well then surely it will help the government and the people of the country as well.
Things may not as bad as previously imagined.A bank will to give the blockchain a trial is a good news, it may help douse the fear about cryptos. Indians love cryptos and some day they will be at liberty to trade freely.
Really feeling good to know that indian private sector banks taking interest in the blockchain and they are planning right from past two years so that when the government regualte the cryptocurrency trading in india they can take the advantage of it by starting the cryptotrading services on the right time with the sound knowledge of blockchain and their technology.I think RBI will soon regulate the cryptocurrency in India.
The news that you have shared is at least 2 years old, but I would like to add what is happening right now. Right now, more than 250 corporates have signed up on the Bank’s blockchain application to try out a more time and cost efficient and secure way of undertaking domestic & international trade transactions. Meanwhile RBI is trying to regulate cryptos, which will revolutionized India's economy for good.
Good news , it will soar the price of bitcoin and open doors for institutional investors and traders
I have always had the belief that there is an silver lining on the horizon for cryptocurrency and blockchain. This news is such a sweet one, especially for my Indian friends. This should keep any doubter busy again or all those asking about the future of bitcoin and blockchain.
ICICI Bank, India’s largest private bank, will focus on Blockchain technology,ICICI Bank will specifically focus on Blockchain systems to create a more robust experience for its customers.
The news that you have shared is at least 2 years old, but I would like to add what is happening right now. Right now, more than 250 corporates have signed up on the Bank’s blockchain application to try out a more time and cost efficient and secure way of undertaking domestic & international trade transactions. Meanwhile RBI is trying to regulate cryptos, which will revolutionized India's economy for good.
it looks like you always read news about blockchain in india.I hope so, hopefully this will be realized soon
This is a good news for Crypto, hopefully they will maximize the use of blockchain to their plan also hoping that it will be a successful one so that they will continue to use blockchain for good.
I feel good when i see this kind of good news. It is a positive sign that the people all over the world have started to accept the blockchain and crypto coins.
Nice good news to those Indians who are doing cryptocurrency. I think this will be the start of introducing the crypto to their country. I just hope that the their government will also embrace and support it.
many people in India have started buying and selling crypto currencies, a digital currency where encryption techniques are used to regulate the generation of units and verify transfer of funds. These operate independently of a central bank. India has over one million Bitcoin users; the country accounts for almost 10 per cent trading in volume terms. According to a recent report by PHDCCI, combined trading volumes in India could be in the range of Rs 200-250 crore per month.
I think i have heard this news long before. But it will be a great attempt by ICICI bank and they should be appreciated. And i hope it will make blockchain more popular in INDIA.
I hope the Indian government see bitcoin in a good light after all this, even just a little bit. Lots of potential investors in there just making sure if they are not doing something illegal. Better yet, other banks should follow in its foot steps.
I believe that this is not a decentralized system. If the processing server will be located on the territory of certain banks. I don't think it's right or will have a future. I believe that there should be a chain among 5000 banks that are competitors to each other in principle, but use the same technology in different parts of the world.
With this current developments you can see that blockchain and bitcoin has come to stay. Even with all the attacks and negative news blockchain and bitcoin is still recording millstone achievements. So it is either you join now or regret tomorrow.
It is a great new for asian, as I am Sri Lankan, I am so happy with that news, I believe that Sri Lanka government aslo will be able to use crypto currency son.
Central Bank of India were not ready to deal with crypto market so after facing this kinds of situation I think it is a wonderful improvement for the market, we all are hoping that soon more good news like this will be here for us
In indian private bank ICICI is strated blockchain technology. I think it is very good sign for Blockchain technology. Blockchain are more secure and reliable technology.
Jump to: