India’s Bankchain Launches Blockchain-Based Trading System

Blockchain Technology Trade News

A blockchain-based system for trading purposes for stressed assets has been launched by a Mumbai start-up, Primechain Technologies in an association of India’s BankChain. The CEO of Primechain, Shinam Arora reported that “Stressed assets have become a multi-trillion-dollar challenge for the global banking sector. The gross non-performing assets of the banks in India are over Rs. 8 lakh crore [$123 billion].”

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