IBM, Top Australian Banks to Pilot Blockchain for Retail Lease Bank Guarantees - CoinDesk

A consortium of Australia-based budgetary administrations organizations have collaborated with IBM and strip mall administrator Scentre Group to dispatch a pilot that puts retail rent bank ensures on a private blockchain.

Lygon – propelled with investment from ANZ, Commonwealth, and Westpac counts on July 3 – will gather and digitize information from a test gathering of Scentre Group rent holders crosswise over Australia.

The organizations include trust the Lygon stage will abbreviate the time it takes for banks to issue ensures, lessening that opportunity to multi day. A similar approval could take as long as a month if being issued on paper, in light of current practices

Source of shared Link

---