Three Ireland’s “Big Four” banks are using blockchain tech to verify employees’ documents.
The Bank of Ireland, Ulster Bank AIB acts, and that the pilot initiative of Deloitte blockchain solution for use exit markets news reported Thursday.
The solution is said to be the first of its kind “in the European financial services industry, has been built using ethereum by the Deloitte EMEA Financial Services in Dublin Blockchain lab staff to verify and track documents and industry data, according to the report.
Staff documents will be held in digital bag, which can help banks to comply with the Central Bank of Ireland senior staff meeting regulations for the specific standards.
Ireland’s Institute of Banking – which currently holds 23.500 professional certification information for homework outdoor – and partner in the project, which is expected to run until the end of summer. A full members of the institute are expected to live through the lorem 2020, according to the report.
Blockchain-based documents for verification of the cause is always better use of technology.
Earlier this year, PwC financial services giant blockchain launched a similar statement to be issued by a large platform Smart credentials, allowing them to digital copies of professional qualifications.
Mexico’s education ministry has also launched a blockchain platform called e-books and the issuance of verification and university degrees. While the US customs and border protection to trial recently began to verify blockchain Central American and North American free trade free trade certificates.
In Ireland, three state banks have been trialing blockchain others. He returned until 2016, AIB and Ulster Bank blockchain participated in a free trial, also organized by Deloitte. The Bank of Ireland completed the trial centered on blockchain to bring trade into partnership with Deloitte, in 2017.