2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC Bank
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Axis Bank
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Canara Bank
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Dena Bank
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Detailed explanation-1: -Onyx by J.P. Morgan is at the forefront of a major shift in the financial services industry. We are the first global bank to offer a blockchain-based platform for wholesale payments transactions, helping to re-architect the way that money, information and assets are moving around the world.
Detailed explanation-2: -HSBC. The bank is using the R3 blockchain platform for enabling Digital Vault – a custody blockchain platform for storing digital assets. The technology helps with lowering the cost of their custodial service to a huge extent.
Detailed explanation-3: -J.P. Morgan announced today that Deutsche Bank is joining as a founding member of the Confirm product to guide its strategic expansion.
Detailed explanation-4: -Blockchain has the potential to solve many of the lending challenges that traditional banks face. While traditional banks offer loans using a credit score system, blockchain takes a different approach. It is focused on faster, more efficient, and more secure peer-to-peer loans.