NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

India’s Kotak Mahindra Bank Implements Blockchain Solution

Gautham
Gautham
4 years ago
2 mins read
blockchain event india

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Indian banking sector is excited about blockchain technology. Kotak Mahindra Bank has joined the growing list of banking institutions in the country which have started working on the implementation of blockchain technology. Kotak Mahindra Bank, a leading private sector bank in a country dominated by public banking institutions has today announced that it has piloted an end-to-end trade financing solution for one of its clients.

According to news reports, the solution offered by Kotak Mahindra Bank makes use of blockchain technology to reduce the time taken for issuing “letter of credit” to just a few hours from the earlier 20 to 30-day window. In a traditional setup, the verification, approval, and documentation of letter of credit take a long time, based on the geographical location of the parties involved and applicable regulatory processes. However, the use of distributed ledger to record the document at the point of origin by a relevant authority will make it easier for its counterparts in other parts of the world to readily verify the entry, provided they have access to it.

The immutable nature of cryptocurrency blockchain makes it virtually impossible for any third-party or a middleman to alter or issue a fake document resembling the original with malicious intent. Kotak Mahindra Bank, in association with Deloitte, is working with JP Morgan Singapore to facilitate the new blockchain implementation.

This is not the first time an Indian bank has implemented a blockchain solution to cater to one or more of its customers. Earlier this year, another leading private sector banking institution, YES Bank started working with Bajaj Electricals to implement a blockchain based vendor settlement system for the latter.

Indian banking sector as so far forged collaborations with Hyperledger, Ripple and Stellar platforms to create blockchain-powered solutions that can be implemented in their operations. Foreseeing the trend, the country’s leading financial software manufacturers have already extended support for cryptocurrencies and blockchain based solutions on their platforms.

As India’s government weighs in on cryptocurrency regulations, blockchain segment continues to make progress, sending out positive signals about the potential of country’s cryptocurrency market.

Ref: Economic Times | Image: NewsBTC
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

etf-xrp-doge-lancement-explosif-54-millions-echanges

ETF XRP et DOGE : un lancement explosif avec 54 millions $ échangés

Ouverture canon. Les ETF adossés à XRP et DOGE ont enregistré 54 M$ de volumes pour leur première séance. Ce...

guillaumev 4 hours ago
snorter-bot-4-millions-ico

Snorter Bot approche les 4 M$ lors de son ICO, alors que d’importantes mises à jour de l’écosystème sont déployées

Jeudi 18 septembre 2025 – Alors que le trading bot Telegram Snorter Bot Token (SNORT) frôle les 4 millions de...

guillaumev 5 hours ago
Coinbase Reserves Hit $112B: Highest Level Since 2021 Market Peak

Coinbase Reserves Hit $112B: Highest Level Since 2021 Market Peak

Coinbase has reached a new milestone, with Coinbase Advance’s total USD reserves climbing to $112 billion, the highest level since...

Sebastian Villafuerte 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level

Scott Matherson 9 minutes ago
Chainlink

Chainlink Primed For Takeoff: Liquidity Sweep Strengthens Bullish Outlook

Godspower Owie 2 hours ago
Bitcoin

Analyst Unveils 3-Month Prediction For Bitcoin, XRP, And Dogecoin – It’s Very Bullish

Scott Matherson 3 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後 の価格予測:ETF発足で新たな成長ステージへ

    ドージコイン 今後...

    8 hours ago
  • リップル 今後の価格予測:現物ETF効果で4ドル到達を狙うXRP

    リップル...

    8 hours ago
  • 仮想通貨プレセール:専門家が次の有望ミームコイン候補を予測

    ...

    8 hours ago
  • 仮想通貨おすすめ:次のブルランでシバイヌを超える成長候補の4トークン

    ...

    8 hours ago
  • 新しい仮想通貨トレーディングボット、エコシステム大型アップグレード前にICOで400万ドル突破目前

    ...

    8 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.