Bank of Baroda Makes Use Of Blockchain

Bank of Baroda Makes Use Of Blockchain

One of the major public sector bank in India, Bank of Baroda (BoB) has announced that its using blockchain to reduce the cost of managing accounts while focusing on improving customer service. Its head for fintech, Akhil Handa firmly believes that blockchain technology has to play a crucial role in the future growth of the banking sector. He also revealed that they are developing blockchain projects on trade finance, invoice discounting, and e-KYC.

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