Bank of Ireland experiments with blockchain technology

An experiment with blockchain technology to assess its viability for future transparent transactions has been proven by Bank of Ireland and Deloitte.

David Tighe, head of innovation at Bank of Ireland, explained that the trial took place to show how blockchain technology can be used by financial institutions on top of traditional legacy systems.

Blockchain technology, which underpins emerging digital, virtual, or cryptocurrencies, consists of blocks that hold timestamped batches of recent valid transactions, which form a chain, with each block reinforcing those preceding it…

Quelle: Bank of Ireland experiments with blockchain technology