Blockchain for Banking News in Brief

Poland to put credit history on blockchain

Credit History
Polish Credit Office (Biuro Informacji Kredytowej – BIK) is implementing a blockchain solution for secure access to sensitive customer information. The platform will use Billon blockchain technology and incorporate the right to erase personal data. BIK, the largest credit bureau in Central and Eastern Europe, is owned by the biggest banks in Poland. The bureau tracks the credit histories of one million businesses and 24 million individuals. The announcement follows a trial in collaboration with eight Polish banks. The trial proved that Billon’s technology platform can publish over 150 million documents every month.

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