World's Largest Bank Eyes Faster Asset Exchange With Blockchain
by
chewchun
on 10/07/2018, 05:52:13 UTC
The Industrial and Commercial Bank of China (ICBC), one of China's "Big Four" state-owned commercial banks and one of the world's largest by total assets, is seeking to patent a blockchain system for the exchange of financial assets.
According to a patent application filed by the bank in January and revealed on Friday, the system envisions a platform whereby participating institutions can function as nodes to form a distributed network....
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