Four Banks Successfully Test New Blockchain Platform for Processing Promissory Note Loans
Cointelegraph
Published May 22, 2019 12:24PM ET
Updated May 22, 2019 12:42PM ET
Four Banks Successfully Test New Blockchain Platform for Processing Promissory Note Loans
A group of four banks have successfully issued a promissory note — a type of legally binding loan agreement — through a new blockchain platform, a news release on May 21 announced.
The financial institutions used finledger to complete the transaction. According to Helaba, one of the banks involved, the platform reduces the steps involved with issuing such a note by more than 50%.
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