Primechain Technologies introduce blockchain to avoid bank frauds

Primechain Technologies introduce blockchain to avoid bank frauds

With an aim to lessen bank frauds, the Primechain Technologies has unveiled Primechain Guarantee. The developed blockchain would maintain records of Letters of Undertakings, bank guarantees, and such others. API driven blockchain would facilitate banking industry and other legal systems to integrate Primechain Guarantee. The stored documents can be viewed only by banks.

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