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| Blockchain yes bank | UK company Arm faces a surge in its stock price. What Is Bitcoin? Silver Rate Today. More Videos. For the latest videos on gadgets and tech, subscribe to our YouTube channel. |
| Blockchain yes bank | January 3, IST. This is why Yes Bank hopes that other partners will also adopt the blockchain technology it's offering, and Purohit says that the bank is open to all forms of innovation, and if there are good implementations for general customers, it will enable these as well. Indices Performance. To understand the solution, you first need to know what blockchain is. That's why it's the underlying technology used for digital currency Bitcoin , and why so many banks are now interested in implementing it as well. |
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| Blockchain yes bank | It also enables us and our vendor to track the status of the transactions on real time basis. Indices Performance. The vendor then presents this to the bank, which in turn has to verify the invoice, and finally a payment is made to the vendor by the bank, Purohit explains, in a process he says takes four to five days for every invoice, though the real world experience of anyone who's done business in India will tell you this time can be a lot more. At the same time, using Blockchain instead of other technologies such as Yes Bank's banking API which gives bank partners access to specific functions, such as making payments also makes things more visible to all the partners involved. More Videos. There are a number of companies that have built blockchain solutions today, and Yes Bank's technology is based on IBM's Hyperledger fabric. January 3, IST. |
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Blockchain and banking: the future of financial servicesThis integration is poised to accelerate the adoption of the digital rupee across India, aiming to make it as user-friendly as physical cash. YES BANK is a 'Full Service Commercial 'Bank' providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME. Today YES BANK, India's fourth largest private sector bank, announced that it used blockchain for a commercial paper issuance.
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