The bank developed the system over the past six months at an RBC blockchain technology center in Toronto, deploying software developed by a cross-industry open-source blockchain consortium known as Hyperledger. The Royal Bank of Canada (RBC) has been testing a blockchain ledger alongside its primary ledger for several weeks, according to Martin Wildberger, RBC’s executive VP for innovation and technology. In an interview with CoinDesk, he said the bank is “very excited about this technology” but cautioned that it will take time before banks can fully embrace it. 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 Wildberger.
The Royal Bank of Canada (RBC) has been testing a blockchain ledger alongside its primary ledger for several weeks, according to Martin Wildberger, RBC’s executive VP for innovation and technology. In an interview with CoinDesk, he said the bank is “very excited about this technology” but cautioned that it will take time before banks can fully embrace it. 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 Wildberger.