RBI Calls on Indian Banks to Explore Blockchain

One of the Reserve Bank of India's deputy governors has encouraged local banks to work with a research outfit previously established by the central bank on blockchain projects.

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In a speech during an event at the Institute for Development and Research in Banking Technology (IDRBT) on 19th July, Deputy Governor Rama Gandhi said banks should work to develop applications for digital currencies and distributed ledgers.

The speech focused on banking technology more broadly, but according to Gandhi, the IDRBT is an effective means to test possible applications.

Source: http://www.coindesk.com/rbi-calls-indian-banks-explore-blockchain/