The Sudin Baraoker consortium, which has been working on applications for smart contracts in banking and finance, is set to begin beta-testing two solutions next month with India's biggest lender, the State Bank. The trial will also test blockchain-enabled "know your customer" processing at a later date. The consortium consists of a collaboration between almost 30 Indian and Middle Eastern banks and vendor PrimeChain Technologies.
The BankChain consortium, which has been working on applications for smart contracts in banking and finance, is set to begin beta-testing two solutions next month with India's biggest lender, the State Bank. The trial will also test blockchain-enabled "know your customer" processing at a later date. The consortium consists of a collaboration between almost 30 Indian and Middle Eastern banks and vendor PrimeChain Technologies.