BANK­ING ON BLOCKCHAIN

Popular Mechanics (South Africa) - - News -

Ac­cord­ing to Naomi Sny­man, Blockchain Lead for Stan­dard Bank, Blockchain ca­pa­bil­i­ties be­gan at the bank two years ago. The bank went through an ex­per­i­men­ta­tion ex­er­cise look­ing at use cases for blockchain tech­nol­ogy which in­cluded ev­ery­thing from cross-bor­der pay­ments to trade fi­nance, syn­di­cated loans and dig­i­tal iden­tity. What Stan­dard Bank wants to use blockchain for is to drive Africa’s growth through trade and pay­ments by mak­ing sure that it’s faster and as seam­less as pos­si­ble for every­one from the av­er­age per­son to large cor­po­rates.

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