Shinhan bank embraces blockchain in work process

Shinhan bank embraces blockchain in work process

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The Shinhan Bank has introduced a project focusing on blockchain-based work process. The technology was integrated with the transactions involving Interest Rate Swap (IRS). The bank has also embraced ‘smart contract’ for the derivatives transaction. An official stated, “Prior to the blockchain-based process, there had been no standardized rules governing, keeping and managing financial records.

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