SETL, Deloitte and Metro Bank Use Blockchain for Consumer Payments

[kreslik.news]

A milestone for the mainstream application of blockchain technology has been reached in the UK as SETL, Deloitte and Metro Bank completed a series of firsts this week in London. SETL provided a contactless smartcard enabled blockchain allowing digitised payments, Deloitte exercised its blockchain ID system known as Smart Identity and Metro Bank hosted a connected client account.

In an initial test, over 100 users were issued with contactless smartcards and used them to make purchases from merchants equipped with contactless terminals. Consumers and merchant balances were updated live-time with all balances held at Metro Bank.

The developers explain that the implementation of ... (read more)