A private bank in India has issued financial contracts for domestic trades by using the Indian ministry's blockchain platform.
Indian financial services giant Axis Bank issued a financial contract between two domestic businesses by using a government-backed blockchain platform called Secured Logistics Document Exchange .on Jul. 28, 2021, by India’s Ministry of Commerce and Industry to serve as a digital document exchange platform that uses blockchain-based security protocols for data security and authentication.
“This transaction reinforces Axis’ commitment to lead the digitization in Transaction banking space.” The state-backed blockchain platform also includes a greenhouse gas emission calculator that “allows for commodity-wise comparison of GHG emissions and total cost of transportation, including their environmental cost, between movement by road and rail.”
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indian Crypto Industry Seeks Tax Clarity in Union Budget 2022-23 – Taxes Bitcoin NewsAn industry association has written to India’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. crypto bitcoin
Read more »
Celebrate Diwali at SF's progressive Indian restaurant ROOHLet the cuisine at ROOH in SF transport you to India's Diwali celebrations.
Read more »
USD/INR Price News: Indian rupee rallies to fresh four-month highs near 73.80The selling interest around USD/INR remains unabated, as the pair falls for the fifth consecutive day this Tuesday, breaking through the key support l
Read more »
USD/INR Price Analysis: Indian rupee clings to two-month high near 74.00 as RSI signals pullbackUSD/INR Price Analysis: Indian rupee clings to two-month high near 74.00 as RSI signals pullback By anilpanchal7 USDINR Technical Analysis ChartPatterns SupportResistance SwingTrading
Read more »
TooNFT Launches on Toomics Ecosystem with $1.75 Million Raised in Funding: DetailsBlockchain-based webtoon platform TooNFT goes live on Toomics_EN: Details Toomics
Read more »
Cerberus cutting stakes in Deutsche Bank and CommerzbankU.S. financial investor Cerberus [CBS.UL] is selling a substantial part of its holdings in both Deutsche Bank and Commerzbank , according to the bank running the sale.
Read more »