The Reserve Bank of India (RBI) to leverage blockchain technology for new banking platform

  • The RBI are set to construct a block-chain based platform for its banking officials to use only.
  • It comes as a shock given the country’s strict policies against cryptocurrency operations. 

 

The Reserve Bank of India (RBI) are readying to construct a blockchain-empowered banking platform, which will only be leverage for the use of bank officials. 

Reports suggest the blockchain-based banking platform will serve; several Indian banks, private as well as public sector banks, and support the development of banking related applications in this technology.

It is anticipated to launch at some point during 2020, the news comes as somewhat of a surprise, given the amidst the country’s recent activities against the cryptocurrency.

 

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