- JPMorgan’s blockchain network technology will allow SBI to make cross border transactions in a more seamless manner.
- This will also reduce transaction costs and time for the payment transactions.
- JPMorgan’s new blockchain-based interbank data network, called ‘Liink’ is joined by SBI.
- Link is a peer-to-peer network ecosystem that is operated by JPMorgan’s blockchain.
- The Link allows peer to peer secured transaction transfers, by ensuring faster cross border transactions in time.
- Static Part:
- HQ of SBI: Mumbai
- Chairman of SBI: Dinesh Kumar Khara
- HQ of JPMorgan: New York, United States
Question:
Q.1 Which bank partnered with JPMorgan to use its blockchain technology?
a. SBI
b. ICICI Bank
c. HDFC Bank
d. Indian Overseas Bank
a. SBI
b. ICICI Bank
c. HDFC Bank
d. Indian Overseas Bank
