ABN AMRO and Dutch University Partner on Blockchain Technology
According to an announcement made by Delft University of Technology (TU Delft) and Dutch banking giant ABN AMRO have partnered in order to develop new, more complex blockchain applications, with a goal of delivering a new safe and reliable application in only six months – a very short amount of time. ABN AMRO staff will attend blockchain application courses at Delft University of Technology’s Blockchain Lab in order for them to develop their knowledge, strengthening the bank’s commitment to blockchain development. The application the partnership wants to release in six months will be based....
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A prominent bank in the Netherlands is working with a local university to develop a series of blockchain prototypes. ABN Amro, which is a member of the Linux Foundation-led Hyperledger project and an investor in blockchain startup Digital Asset Holdings, has announced a collaboration with the Delft University of Technology, based in South Holland. The two institutions will jointly develop applications within TU Delft's blockchain laboratory. The goal, they said, was to create systems "that can deal reliably and appropriately with large amounts of data and large numbers of users",....
Writing on the bank's official website, ABN AMRO Head of Innovation Arjan van Os, praises the blockchain technology behind Bitcoin in an article titled "The Next Big Thing." Dutch state-owned ABN AMRO Bank is a product of a long history of mergers and acquisitions that date to 1765, making it one of the oldest active banks. In 2007, ABN AMRO was the second-largest bank in the Netherlands and the eighth largest in Europe by assets. Then the bank was acquired by a consortium of international banks and eventually bailed out and nationalized by the Dutch government, which expressed intentions....
ABN Amro has begun a new blockchain pilot focused on real estate transactions. The Dutch bank said yesterday that it is working with IBM to develop a system in which buyers, sellers, brokers and regulators (among other parties) can share and record real estate transactions. According to ABN Amro, the proposed system would support connectivity with regulators such as the country's central bank and the Land Registry Office. In its announcement, ABN Amro suggested that the pilot could ultimately lead to new kinds of client-facing services. The bank said in a statement: “This latest pilot is....
Dutch bank ABN AMRO has launched a blockchain application called Torch to help facilitate real estate transactions and exchange information. Developed in partnership with IBM, the blockchain application is a sweeping ledger that will be accessible by every party involved in a real estate transaction. Such as, buyers and sellers, landlords and tenants, ABN AMRO – as a bank, notaries, appraisers; the Land Registry Office and the Chamber of Commerce which is the country’s business register; as well as other regulators. Announced late last week, all of the above parties will – each in their....
ABN Amro has become the latest financial institution to join the R3 blockchain consortium. The Dutch bank is an investor in blockchain startup Digital Asset Holdings and is working with local academics on applications of the technology. The bank has also been doing internal work of its own, leading to speculation earlier this fall that it was developing a bitcoin wallet. As an R3 member, the bank said that it expected to build on its past efforts. Arjan van Os, chief of ABN AMRO’s Innovation Centre, said in a statement: “This is exactly the right time for us to step in. We already spend a....