- Private sector Axis Bank on Monday became the third lender in the country to announce usage of block chain solutions for its operations, after its peers
1. ICICI Bank and
- Block chain solutions is a distributed database that maintains a continuously growing list of ordered records called blocks.
- It is said to reduce turnaround times, is transparent and also ensures zero errors.
- Axis Bank has tied up with fintech firm Ripple to offer the solution.
Quick Question for Bank PO/ IBPS Exams 2016-17:
Who became the third lender bank in the country to announce usage of block chain solutions for its operations?
- Axis Bank.