3 Major Banks, IBM & Scentre Teams Up For Blockchain

Three big banks in Australia, Australia and New Zealand Banking Group, Westpac Banking Corp and Commonwealth Bank of Australia have partnered with IBM and Scentre Group to test blockchain technology. The GM of corporate at Westpac, Didier Van Not expressed, “While the pilot is focussed on retail property leasing, this technology has the potential to benefit many sectors and reduce the risk of fraud across billions of dollars guaranteed by the banks.”

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