Australia taking Bank guarantees from paper to blockchain

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Avatar for akbcrypto
3 years ago

Australia's top 3 banks ANZ Australia , CommBank , Westpac Bank with @IBMBlockchain & ScentreGroup incorporated a new company Lygon that will digitise bank guarantees using blockchain technology @7NewsAustralia

Digitization of bank guarantees will
eliminate fraud and slicing the time & cost it takes tenants and landlords to agree on commercial leases, also
ensures that the debt will be paid on time under all circumstances
@IBMBlockchain @ScentreGroup
@ANZ_AU @CommBank @Westpac #AKB

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Comments

3 powerful pillars

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3 years ago

IBM #BLOCKCHAIN 💪💪💪

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3 years ago

of course using blockchain results in saving of time , cost and 100% confirmation of work

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3 years ago

BLOCKCHAIN 🚀🚀🚀

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3 years ago