Last month, Spanish bank BBVA won
The Banker’s Tech Projects Award for its blockchain corporate lending platform. The publication noted that BBVA’s basket of deals ranging from €35 million to €1 billion helped it win the award (see below).
The Banker said that the number of entries for the distributed ledger technology (DLT) award more than doubled this year, hinting at the increased maturity of the industry.
BBVA’s blockchain is a hybrid network— private and public. The private platform, which is based on Hyperledger Fabric enables transparency of the negotiation process between the bank and the customer. It records all the steps and data related to the deal which can be monitored only by the parties involved.
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