China Merchants Bank successfully implements distributed ledger technology to business

FinTech | February 27, 2017 By:

China Merchants Bank has implemented distributed ledger technology for efficient settlements and communication between branches.

CMB’s new blockchain system has shown its high efficiency where the decentralized system decreases information transmission time from its usual 6 minutes to within seconds. It has also shown high security where it is difficult to mutate the information that is recorded on a closed private chain.