Blockchain Daily News - DLT, token, ICO, crowdsale journal
Blockchain Dail Blockchain Dail

Ledgers, Blockchains, DLT, Tokens, ICOs all the year

 
              

MonetaGo Successfully Demonstrates the Effectiveness of Blockchain Technology in Collaboration with Indian Banking Authorities and Major Banks


Whitepaper Clears the Way for the Application of Blockchain to the Indian Banking System






MonetaGo's demonstration of blockchain could lead to eventual use throughout the Indian banking system. The research process was sponsored by Indian banking authorities, including the Reserve Bank of India's research arm, the Institute for Development and Research in Banking Technology (IDRBT), National Payments Corporation of India (NPCI), and included participation from some of the country's leading banks.

MonetaGo leveraged its Enhanced Information Payments System (EIPS) and proprietary software toolkit on the open source Hyperledger Fabric platform to develop the network. MonetaGo demonstrated how blockchain can be connected with current payment protocols using the NPCI's current Immediate Payments Service (IMPS). The Indian authorities and banks were able to successfully analyze the workflow, authentication, connectivity, performance baseline, and security of the blockchain implementation.

"The endorsement of blockchain technology from the IDRBT and the NPCI allows the study and implementation to move to the next level. This research shows that blockchain technology can reduce processing times and costs in a transparent and secure manner. We are excited to have gotten the opportunity to work with the IDRBT, NPCI and some of India's leading banks," said Jesse Chenard, Chief Executive Officer of MonetaGo.

Clear Path to Production

This collaboration of financial institutions, banking authorities, and clearing corporations using existing protocols demonstrates the first step towards creating a commercially viable blockchain with fiat currency settlement.

About MonetaGo
Headquartered in New York, MonetaGo is a software company providing blockchain solutions to financial institutions and central banks. Through its core product offering, MonetaGo enables financial institutions to identify and deploy the appropriate blockchain technology, while supporting existing banking systems, processes, and settlement mechanisms.
monetago.com

Les médias du groupe Finyear

Lisez gratuitement :

BLOCKCHAIN DAILY NEWS

Le quotidien Blockchain Daily News :
- Blockchain Daily News

Sa newsletter quotidienne :
- Blockchain Daily News Newsletter
Recevez chaque matin par mail la newsletter Blockchain daily News, une sélection quotidienne des meilleures infos et expertises en Blockchain révolution.

Sa lettre mensuelle digitale :
- The Chief Blockchain Officer


FINYEAR

Le quotidien Finyear :
- Finyear Quotidien

Sa newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation & Digital transformation.

Ses 5 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The Chief FinTech Officer
- The Chief Digital Officer

Finyear magazine trimestriel digital :
- Finyear Magazine

Un seul formulaire d'abonnement pour choisir de recevoir un ou plusieurs médias Finyear


Lundi 9 Janvier 2017
Notez


Nouveau commentaire :

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

More on Blockchain Daily News

Recevez la newsletter quotidienne


Cryptocurrencies


Lettre mensuelle


Conferences


Liens utiles


Actus Nasdaq