Bankchain
{{Orphan|date=February 2018}}
{{undisclosed paid|date=January 2019}}
BankChain was an Indian platform and initiative for banks to implement blockchain software that was launched in 2017. A majority of the major banks in India were members and the platform was designed for systems that shared data between its members.
History
BankChain was announced on 8 February 2017 by State Bank of India (SBI), India's largest bank.{{Cite news|url=http://computer.expressbpd.com/news/bank-chain-indias-first-blockchain-exploration-consortium-launched-for-banks/20453/|title=Bank-Chain: India's first Blockchain exploration consortium launched for banks|work=Express Computer|access-date=24 Oct 2018|language=en-US|author=Srikanth RP|date=25 Jul 2018}}{{Cite news|url=http://economictimes.indiatimes.com/articleshow/57178212.cms|title=SBI takes lead in blockchain, to use it to prevent fraud - The Economic Times|work=The Economic Times|access-date=24 Oct 2018|author=Sangita Mehta|date=16 Feb 2017|language=en-US}} BankChain members included the State Bank of India, ICICI Bank, DCB Bank, Kotak Mahindra Bank, Federal Bank, Deutsche Bank and UAE Exchange.{{Cite web|url=http://www.bankchaintech.com/members.php|title=BankChain members and partners|website=Bankchain|access-date=24 Oct 2018}} BankChain was formed in collaboration with Primechain Technologies, a Pune-based startup.{{Cite web|url=http://www.indianweb2.com/2017/02/14/introducing-bank-chain-indias-first-blockchain-exploration-consortium-banks/|title=Introducing Bank-Chain, India's First Blockchain Exploration Consortium For Banks|date=2017-02-14|website=IndianWeb2|access-date=24 Oct 2018|author=Vardaan|archive-date=2017-04-04|archive-url=https://web.archive.org/web/20170404220405/http://www.indianweb2.com/2017/02/14/introducing-bank-chain-indias-first-blockchain-exploration-consortium-banks/|url-status=dead}}
Projects
{{As of |2017}}, the active projects included shared KYC / AML, syndication of loans / consortium lending, trade finance, asset registry & asset re-hypothecation, secure documents, cross border payments, peer-to-peer payments, and blockchain security controls.{{cite web |author1=Ani |title=Adarsh Credit partners with BankChain to Deploy blockchain solutions |url=https://www.business-standard.com/article/news-ani/adarsh-credit-partners-with-bankchain-to-deploy-blockchain-solutions-118012300712_1.html |website=Business Standard |accessdate=25 October 2018 |date=23 Jan 2018}}
References
{{Reflist}}
External links
- [http://www.bankchain.org.in/ Official Website]