BANKING

According to Indian Banks' Association (IBA), Indian Banks' Digital Infrastructure Company (IBDIC) is working on implementing domestic Letter of Credit (LC) issuance on blockchain. According to Minister of State for Finance Bhagwat Karad, only a few banks are currently using blockchain technology The IBDIC, formerly known as Indian Banks' Blockchain Infrastructure Company (IBBIC), is a consortium of 18 banks

from Banking/Finance-Industry-Economic Times https://ift.tt/bcgP1Kz
via IFTTT