ABN Amro And TU Delft partner to develop blockchain applications

Blockchain | October 31, 2016 By:

ABN AMRO announced its collaboration with Delft University of Technology (TU Delft) in order to develop more complex blockchain applications.

The goal, they said, was to create systems “that can deal reliably and appropriately with large amounts of data and large numbers of users”, with an eye to create working applications over the next six months. Further, ABN Amro staffers will attend seminars and workshops at the university in a bid to educate bank staff on the technology.

“We are delighted to be able to work with an expert partner like TU Delft. This offers us an excellent opportunity to expand our knowledge and gain a deeper understanding of the ways in which blockchain applications can be used. The fact that it is being approached from a scientific perspective makes it especially interesting,” said Arjan van Os, Head of the ABN AMRO Innovation Centre.

The application will be based on previous work done at TU Delft on Blockchain technology, which was recently amalgamated within the Blockchain Lab. TU Delft has been working on Blockchain since 2007, when the specialism was still known as distributed accounting systems.

ABN AMRO Bank is a Dutch state-owned bank with headquarters in Amsterdam. ABN AMRO Bank is the third-largest bank in the Netherlands. Delft University of Technology a Netherland-based technology university.