The credit history is transferred on blockchain in Europe

Manage client databases through distributed registry technology will be possible due to the British financial company Billon solution for the Bureau of Credit Information. The bureau belongs to a group of leading Polish banks and tracks about 140 million credit histories of residents of Central and Eastern Europe. According to bureau representatives, is confident that the blockchain will transform the ways of exchanging confidential data between the financial sector and customers. Since the end of last year, eight Polish banks are testing the blockchain-architecture of Billon. The system is able to publish more than 150 million documents every month. Recall that in September 2017 the European Union invested more than €1 million in the project The Billon Group.

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