EdgeVerve Systems Launches Blockchain Framework for Bank Transactions

[kreslik.news]

EdgeVerve Systems, a product subsidiary of the Indian multinational company Infosys – listed on the NYSE under ticker INFY, has today announced the EdgeVerve Blockchain framework, described as a scalable solution for banks to simplify complex transaction-driven services.

The distributed ledger approach uses blockchain in a permissioned environment and features an asset-agnostic medium that lets banks create multiple assets within a single network, and offers an API layer that supports extensibility and administrative tools, according to the press release.

According to the new product description, it is best suited for minimizing operating and per-transaction costs for financial services companies including banks, and helps ... (read more)