Infosys Finacle and R3 Conclude Global Trial of Blockchain Based Trade Finance

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys Ltd, on Monday announced the successful completion of a global blockchain trial in partnership with enterprise blockchain software companies R3. Financial institutions across 19 countries participated in the trial that was completed in less than five weeks. The global blockchain technology market size is…

Seven Indian Banks Join JP Morgan’s Blockchain Platform IIN

India’s seven banks which include YES Bank, ICICI, Union Bank of India, Federal Bank of India and Canara Bank have joined the Interbank Information Network (IIN), a blockchain network created by leading multinational investment bank JP Morgan. Based on Quorum, a permissioned-variant of the Ethereum blockchain developed by JP Morgan, IIN allows member banks to…

India’s Federal Bank Teams Up With Ripple For International Payments

As of early January 2019, Ripple had announced that it surpassed 200 partners as it adds 13 financial institutions as customers for its payment network, RippleNet. Ripple consolidating traditional financial markets is an interesting use case for blockchain for the real world. Federal Bank in India has partnered with blockchain payments company Ripple to facilitate…