Central Bank of Belarus Implements a Blockchain Banking Network
Posted: Sun Jul 23, 2017 1:54 pm
The National Bank of the Republic of Belarus has announced that it established an information network based on blockchain technology. As a first step, the blockchain network was implemented within the banking system of the country.
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The Settlement Center of the National Bank was authorized as administrator of the blockchain network.
The first practical use example was the possibility to transfer information on an issued bank guarantee and the banking guarantee itself. The new mechanism is meant to ensure the mutual access of economic entities from member states of the ... (read more)