African Banks Start to See a Potential of Blockchain

The African financial complement is branch a courtesy toward blockchain record as it looks for ways to assistance revoke a cost of banking transactions, according to The Africa Report.

In a summer of this year, one of South Africa’s largest banks, Absa Bank, a South African auxiliary of Barclays Africa joined army with a R3 Consortium to try and rise a record for a financial industry.

At a time, it assimilated over 45 tellurian banking heavyweights. That series has given forsaken after Goldman Sachs and Santander recently motionless to let their memberships relapse with a operative group.

However, while vital players are still related with R3 and have been concerned with a record for some time, African banks are comparatively new to a arena. The fact that they are involved, though, suggests that they know a intensity of it and what it can do for a financial industry.

According to an IBM survey, that collected insights from 200 tellurian banks, 15 percent of those banks could be using blockchain solutions as



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