Israel’s Bank Hapoalim, Microsoft Join to Use Blockchain for Bank Guarantees

Blockchain, FinTech, Innovation | September 7, 2017 By:

Israel-based Bank Hapoalim has teamed with Microsoft to develop a blockchain-based platform to create digital bank guarantees. Bank Hapolim is the first bank in Israel to explore blockchain potential for financial contracts.

A bank guarantee is a guarantee from a lending institution ensuring the liabilities of a debtor will be met.