SBI Partnered with JPMorgan

Published on February 28, 2021

Current Context: The State Bank of India (SBI) has entered into a partnership with JPMorgan to use its blockchain network technology.

SBI Partnered with JPMorgan

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