Royal Bank of Canada Working with Ripple on Prototype Blockchain Remittance System
February 25, 2016

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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