The banks are operative with London-based blockchain startup Clearmatics, and a central launch is approaching in 2018, according to a media.
“Today trade between banks and institutions is difficult, time-consuming and costly, that is because we all have large behind offices. This is about streamlining it and creation it some-more efficient,” Julio Faura, conduct of RD and creation during Santander told the FT.
All 4 banks are members of a 50-strong R3 consortium of financial institutions exploring ways of blockchain use in a financial system.
“You need a form of digital money on a distributed bill in sequence to get limit advantage from these technologies. What that allows us to do is to take divided a time these processes take, such as watchful for remuneration to arrive. That frees adult collateral trapped during a process,” pronounced Hyder Jaffrey, conduct of