The State Bank of India will launch two blockchain production-ready beta solutions next month, ready for use to 27 major Indian banks of the ‘BankChain’ consortium. Government-owned State Bank of India (SBI) is India’s largest banking corporation with assets over $460 billion amid a foothold in just about every financial services sector in the country. As a public sector bank, the SBI took the lead to establish India’s first financial blockchain consortium called BankChain, wherein participating banks and technology companies research, develop and implement blockchain applications in the financial industry.…
India’s Largest Bank Confirms Blockchain Rollout in December
