[ad_2][ad_1] Yesterday, the Korea Times reported that Shinhan Bank in Korea is using blockchain, including for internal functionality. On November 30, the bank adopted blockchain, including smart contracts for Interest Rate Swaps (IRS). IRSs are types of derivatives that usually allow parties to exchange exposure at a variable interest rate …
Read More »Shinhan Bank chooses a blockchain for "Interest Rate Swap" to eliminate the risk of human error
[ad_2][ad_1] Shinhan Bank chooses to eliminate the risk of human error by supporting the ledger with Blockchain technology Blockchain technology offers an immutable and transparent ledger that is slowly adapted around the world to meet the needs of different industries. South Korea has recently taken giant steps, especially in a …
Read More »South Korean bank Shinhan Bank, Telecom Giant KT, join efforts for the Blockchain solution
[ad_2][ad_1] South Korean giants Shinhan Bank and KT have collaborated on the development of a blockchain platform to exploit digital vouchers, which will be introduced by regional governments. Shinhan Bank, the second South Korean bank in terms of total assets, announced on Wednesday that it signed an agreement with the …
Read More »