IBM Successfully Tests Blockchain KYC with France’s Crédit Mutuel Arkéa

[kreslik.news]

Technology giant IBM (NYSE: IBM) and French banking and insurance group Crédit Mutuel Arkéa announced the completion of a blockchain project to improve client identification. They created an operational permissioned blockchain network that enables compliance with Know Your Customer (KYC) requirements using the open-source Hyperledger Project fabric.

“Blockchain is a transformative agent in our operational application, as proven by this project — the first of its kind in France. This pilot offers a complete view of customers’ documents across our distributed network,” said Frédéric Laurent, COO Innovation & Operations, Crédit Mutuel Arkéa. “The project helped us to understand and master blockchain for ... (read more)