State Bank of India to Implement Blockchain KYC Solution

Announcements, Blockchain, Innovation | November 3, 2017 By:

The State Bank of India (SBI) will be implementing blockchain technology for know-your-customer (KYC) procedures. The bank has teamed with BankChain and Intel to facilitate the implementation.

BankChain is India’s first blockchain consortium for banks. Bankchain’s goal is to enhance efficiency and bring transparency and security in the banking industry.

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eMudhra to Create Blockchain R&D Center in Bangalore

Announcements, Blockchain | October 10, 2017 By:

eMudhra will establish a research and development (R&D) center in Bangalore, India to explore various blockchain technologies for smart cities. The R&D center will be hiring 100 people to develop solutions that will help various industries which require identity verification and authentication. eMudhra is also looking to partner with government institutions for governance.

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Bitcoin Wallet Blockchain Teams with Unocoin

Announcements, Blockchain | September 8, 2017 By:

Blockchain, the company behind bitcoin wallet Blockchain.info, has teamed with Indian bitcoin exchange Unocoin. Blockchain wallet users in India will now be able to link their bank account directly with their wallet when buying bitcoins from Unocoin.

Blockchain has integrated Unocoin’s exchange directly within its wallet to give users greater purchasing power without compromising security or control.

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Reserve Bank of India: Bitcoin Prone to “Misuse”

Investing, News, Opinion, Regulation, Uncategorized | September 6, 2017 By:

The Reserve Bank of India (RBI), the country’s central bank, has warned a parliamentary panel on virtual currencies that bitcoin and digital currencies are “susceptible to misuse.”

The central bank said it has not given any licence and authorization to any entity or company to operate such schemes or deal with bitcoin or any virtual currency.

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