Australian banks, IBM to test retail financing by blockchain

FILE PHOTO: Man stands near an IBM logo at the Mobile World Congress in Barcelona SYDNEY/BENGALURU (Reuters) – Australia’s three biggest banks said they will test a new bank-guarantee platform for shopkeepers that uses a shared database, claiming the project would mark the world’s first use of blockchain technology to process retail financing. Commonwealth Bank of Australia, Westpac Banking Corp and Australia and New Zealand Banking Group Ltd are teaming up with local Westfield […]

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