Irish lenders Allied Irish Banks, Ulster Bank and Permanent TSB have teamed up with global consultancy Deloitte to work on a pilot program that will leverage blockchain technology to increase the speed and security for the countrys domestic interbank payments. The collaborative project carries the name Project GreenPay and will use technology developed by Ulster Banks parent company, Royal Bank of Scotland RBS. The payments platform being trialed is called Emerald. RBSs Emerald platform, whic

Source and More information: Irish Banks to Test New Blockchain-Based Interbank Payment System

Author: CryptScout.com