Banking News in Brief

Deutsche Bank becomes Hyperledger Premier member

Know your customer KYC

Today Hyperledger, the open source business blockchain collaboration, announced that Deutsche bank is becoming a Premier Member. Hyperledger is best know for the Fabric blockchain protocol.

Existing Premier members include: : Accenture, Airbus, American Express, Baidu, Change Healthcare, Cisco, Daimler, Digital Asset, DTCC, Fujitsu, Hitachi, IBM, Intel, J.P. Morgan, NEC, SAP, Tradeshift and Wanda FFan Technology.

“Adding a major bank like Deutsche Bank to our list of Premier members demonstrates the value Hyperledger brings to the financial services market,” said Brian Behlendorf, Executive Director, Hyperledger. “With their help and global reach, we look forwarding to driving more global production deployments like Know Your Customer (KYC), payments, trading and others based on Hyperledger technologies.”

Last year Deutsche partnered with IBM and other companies on a KYC initiative in Singapore.