A report on applications of distributed ledger systems called Blockchain: Democratized trust, published by Deloitte University Press, has revealed that in its search for suitable distributed ledger-based solutions, the Royal Bank of Canada (RBC) decided to utilize Ripple’s infrastructure to build a prototype system. RBC began to research distributed ledgers about two years ago, and came to the conclusion that the novel technology can streamline its existing remittance operations across …
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Royal Bank of Canada (RBC), one of Canada’s largest financial institutions with close to $343 billion of assets under management, has revealed that it is expanding its experimentation with blockchain technology. In November of last year, RBC announced that it was implementing a distributed ledger loyalty points program for its customers, in order to get its clients familiar with the novel technology. In a recent interview with CoinDesk, Linda Mantia, …
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