Telangana Govt Banks Eyes on Blockchain

Telangana Govt Banks Eyes on Blockchain

As an effort in simplifying the process of loan approval in terms of credit score among the unbanked location and poor residents, Telangana Govt have collaborated with Cognito Technologies in working on the blockchain-powered credit scores. Its co-founder, Murali Mohan explained, “In phase-1, the entire process of loan disbursement and repayments will be recorded on Blockchain ledgers using smart contracts.”

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