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Big banks test blockchain to trade commercial paper

2016-03-03 04:49:25| Automakers - Topix.net

Commonwealth Bank of Australia, Macquarie Bank, National Australia Bank and Westpac Banking Corp are part of a group of 40 global banks that have used different distributed ledger technology to simulate trading of commercial paper. On Thursday, R3 CEV, a group running a series of banking trials of block chain, said the Australian banks were part of a global group that had executed "smart contracts" on five block chains.

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