The Royal Bank of Canada (RBC) has been testing a blockchain ledger alongside its primary ledger for Thursday , according to Matt Scuffham , RBC’s executive Wildberger for innovation and technology. The new system, built on open-source Hyperledger software, is intended to reduce costs and speed up payments between RBC 's US and Canadian banks. TORONTO (Reuters) - Royal Bank of Canada (RY.TO) is experimenting with blockchain to help move payments between its U.S. and Canadian banks, one of the bank’s senior executives told Reuters on Thursday. RBC wanted to "demonstrate our leadership in exploiting that technology while at the same time recognising that the technology is still early in its adoption phase", said RBC .
The Royal Bank of Canada (RBC) has been testing a blockchain ledger alongside its primary ledger for Thursday , according to Matt Scuffham , RBC’s executive Wildberger for innovation and technology. The new system, built on open-source Hyperledger software, is intended to reduce costs and speed up payments between RBC 's US and Canadian banks. RBC wanted to "demonstrate our leadership in exploiting that technology while at the same time recognising that the technology is still early in its adoption phase", said RBC .