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India’s Largest Bank To Launch Blockchain Projects Next Month

Summary

SBI blockchain projects is introducing. ClearChain - the two solutions are backed by smart contracts and blockchain-powered Know Your Customer.

The State Bank of India, the largest bank in India with $460 billion of assets, announced Monday November 20 that it will launch two blockchain production-ready beta solutions next month. It is yet another indication that banks are welcoming blockchain tech. It intends as a solution to some of the problems experienced in the financial sector.

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