Spanish banks created first blockchain-consortium in the country. According to Forklog, bank consortium, partnered with Grant Thornton consulting firm, consists of Cecabank, Abanca, Bankia, CaixaBank, Kutxabank, Ibercaja, Liberbank and Unicaja. They represent 33 percent of Spanish banking sector. Consortium will give the opportunity to puzzle out the distributed ledger technology and look into the potential of its practical usage.