India Sees KYC Blockchain Lift-Off via BankChain Consortium

India Sees KYC Blockchain Lift-Off via BankChain Consortium

India’s BankChain consortium, a working group of major Indian banks developing blockchain solutions completed its first project ‘Clear-Chain’, a platform to share customer data. Clear Chain is the product of a banking consortium led by government-owned State Bank of India (SBI), India’s largest bank, which launched the financial banking blockchain working group ‘Bankchain’ in February this year. Although led by a public-sector bank, the consortium also includes India’s largest banks such as HDFC, ICICI and Axis, among several others. The consortium also includes blockchain specialists and....


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