Israel’s Bank Hapoalim joins blockchain bank guarantee platform
Cointelegraph
Published Dec 10, 2020 04:04AM ET
Updated Dec 10, 2020 05:40AM ET
One of Israel’s largest banks, Bank Hapoalim, has joined a blockchain-based platform recently released by IT firm Tata Consultancy Services, or TCS.
TCS’ platform, dubbed Digital Bank Guarantee, is based on the Quartz blockchain and targets the digital banking industry in Israel. The new tool will supposedly help banks more effectively manage the lifecycle of bank guarantees including issuance, modification, termination and invocation.
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Written By: Cointelegraph
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