Blockchain Alternative For Escrow Accounts Developed By Dutch Bank ABN AMRO

Blockchain, Investing, News, Uncategorized | February 16, 2018 By:

Dutch bank ABN AMRO will be offering a blockchain alternative to escrow accounts for money-management organizations that need to segregate and lock up client funds during the course of a transaction.

ABN AMRO said the new service will allow every individual client of a non-bank organization to get a bank account with the ABN AMRO Clearing Bank (AACB) via the blockchain.

 Read more  »

Blockchain Tech To Be Deployed To Rural Banks In The Philippines, Says UnionBank

Announcements, Blockchain | February 16, 2018 By:

UnionBank of the Philippines has partnered with four unnamed rural banks to help boost the efficiency of their payments processes by utilizing blockchain technology.

Speaking at UnionBank’s “TalkTales” event in Makati City, Henry Aguda, senior executive vice president, chief technology operations officer and chief transformation officer at UnionBank,

 Read more  »

Blockchain Technology Explored By Azerbaijan’s Ministry of Taxes

Announcements, Blockchain | February 15, 2018 By:

Mikayil Jabbarov, Azerbaijan’s Minister of Taxes, said that the ministry will study the potential of blockchain technology to help organize the work of tax bodies at a higher level. He made the remarks at the “Taxes: Transparency: Development” conference in Baku on February 13.

Jabbarov noted that the ministry’s service system should be improved in order to meet the requirements and expectations of taxpayers.

 Read more  »