Indian Banks Select Microsoft As Exclusive Cloud Blockchain Provider by zeroshiki

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cryptocurrency · @zeroshiki · Jun 12 '17

$0.12

Indian Banks Select Microsoft As Exclusive Cloud Blockchain Provider

https://media.coindesk.com/uploads/2017/06/taj-mahal-india-e1497286730952.jpg

A consortium of India-based banking firms including State Bank of India, ICICI Bank and DCB Bank has formally selected Microsoft Azure as their exclusive cloud partner.

As a part of this partnership, the 20 members of the BankChain consortium, which went public with its R&D efforts last month, will use Microsoft's Azure blockchain to host the nodes that will relay transactions on their distributed ledger systems.

According to a news release, the first active project to use Azure will be Primechain-KYC, a closed, permissioned blockchain built by Mumbai-based Primechain Technologies. The tool seeks to help clients share know-your-customer (KYC), anti-money laundering and counter-terrorist financing information.

Read more here: http://www.coindesk.com/indian-banks-select-microsoft-exclusive-cloud-blockchain-provider/

👍 gurunayak, robert-call, smappy, lexsapkota, almutairi, ancapwarren, zeroshiki, benjamin.still, plumtechno, inna-yatsuk, funkit, watsma3, sergey44, petrvl, bosjaya

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@ijoel · Jun 12 '17

that is tajmahal

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@smappy · Jun 12 '17

$0.02

What does this mean for Stratis?? :D

👍 smappy

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