Express

Sri Lanka’s Central Bank Selected Three Firms to Develop Blockchain Proof-of-Concept

Jean Zheng

Summary: According to Sri Lanka’s Daily Mirror on July 2, the project of proof-of-concept (PoC) for a shared Know Your Customer (KYC) facility using blockchain was initiated in fall 2019. The central bank is meant to establish a blockchain-based facility that would enable the government and the banking sector to securely share and update customer data ...

According to Sri Lanka’s Daily Mirror on July 2, the project of proof-of-concept (PoC) for a shared Know Your Customer (KYC) facility using blockchain was initiated in fall 2019.

The central bank is meant to establish a blockchain-based facility that would enable the government and the banking sector to securely share and update customer data nationwide.

It is reported that the process is expected to take six to nine months. 

by Jean Zheng

Last Update:

Tags: ,,
Link: Sri Lanka’s Central Bank Selected Three Firms to Develop Blockchain Proof-of-Concept   [Copy]
Next:

Related Articles

  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 12 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 3 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 4 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 6 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 7 days ago

    • You need to login to comment.