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.