List of banks using blockchain technology in india

List of banks using blockchain technology in India


Cover Image of List of banks using blockchain technology in india
Cover Image of List of banks using blockchain technology in India


 There are several banks in India that are using or exploring the use of blockchain technology. Here is a list of some banks in India that are known to be using or experimenting with blockchain technology:


  • State Bank of India (SBI)
  • ICICI Bank
  • HDFC Bank
  • Axis Bank
  • Kotak Mahindra Bank
  • YES Bank
  • Bank of Baroda
  • Punjab National Bank


It is important to note that this list is not exhaustive, and there may be other banks in India that are also using or exploring the use of blockchain technology.


Banks in India are using blockchain technology for a variety of purposes, including cross-border payments, trade finance, and improving the efficiency of internal processes


For example, the State Bank of India (SBI) has implemented a blockchain-based platform for cross-border remittances, and ICICI Bank has used blockchain technology to facilitate trade finance transactions.


Blockchain technology has the potential to bring significant benefits to the banking industry in India, including increased efficiency, transparency, and security. 


However, the adoption of blockchain technology in the banking sector also presents some challenges, such as the need for regulatory frameworks and the development of appropriate infrastructure.

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