Bank of Ireland Conducts Blockchain Trial for Trade Reporting

Bank of Ireland Conducts Blockchain Trial for Trade Reporting

One of Ireland’s “Big Four” banks has recently completed a blockchain trial centered on trade reporting. The Bank of Ireland used a blockchain as a vehicle for creating visibility into client trading activities, working in partnership with professional services firm Deloitte. Framing the experiment through the lens of regulatory compliance, the Bank of Ireland said that the project showed the potential to cut compliance costs while increasing transparency. The bank pulled data from a number of its internal systems for the test, explaining in a press release: “The trial combined synthesized....


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