Following a successful pilot transaction on the new blockchain platform finledger, there are plans to roll out the tech to the entire industry. A group of four banks have successfully issued a promissory note — a type of legally binding loan agreement — through a new blockchain platform, a  release on May 21 announced.The financial institutions used finledger to complete the transaction. According to Helaba, one of the banks involved, the platform reduces the steps involved with issuing such a note by more than 50%.As well as eliminating the need for lenders to hold documents or for borrowers to send valuables, the banks…
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Four Banks Successfully Test New Blockchain Platform for Processing Promissory Note Loans


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