Major Banks To say
A group of banks and regulators, including big names like BNP Paribas and Deutsche Bank, have conducted a trial of a know-your-customer (KYC) compliance application built upon R3's Corda blockchain platform.
The 39 participants put the app – built by New York-based tech firm Synechron – through a four-day test of the app using 45 nodes in Microsoft Azure, according to a press release. Ultimately, the group managed to conduct over 300 transactions in 19 countries across eight timezones.