{"id":1670,"date":"2016-11-14T19:40:25","date_gmt":"2016-11-14T19:40:25","guid":{"rendered":"https:\/\/blog.holytransaction.com\/?p=1670"},"modified":"2020-09-13T15:35:11","modified_gmt":"2020-09-13T13:35:11","slug":"ocbc-blockchain-test","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/11\/ocbc-blockchain-test.html","title":{"rendered":"OCBC Blockchain: new tests on the ledger"},"content":{"rendered":"<p style=\"text-align: justify;\">In this article we will talk about the <strong>new OCBC Blockchain tests<\/strong>.<\/p>\n<p style=\"text-align: justify;\">One of\u00a0the <strong>major banks in Singapore<\/strong>, in fact, decided to test a <strong>distributed ledger payment service<\/strong>, with the goal to <strong>develop new commercial products<\/strong> created thanks to this revolutionary techonolgy.<\/p>\n<p style=\"text-align: justify;\">OCBC started to use the ledger to send money between its operations in Singapore and Malaysia, as well as do transactions with the <strong>Bank of Singapore<\/strong>, one of its own private financial group.<\/p>\n<p style=\"text-align: justify;\">To do so, the bank explained it worked with the\u00a0<a href=\"https:\/\/www.bcsis.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">BCS Information Services<\/a>, a local financial brand that helped to do the OCBC Blockchain tests.<\/p>\n<p style=\"text-align: justify;\">This is only the latest test in the Asia\u2019s banking sector.<a href=\"https:\/\/holytransaction.com\/blog\/2017\/06\/bitcoin-demand.html\"><strong> Read more news about the blockchain<\/strong> tests and researches made in Asia previously this year.<\/a><\/p>\n<p style=\"text-align: justify;\">OCBC senio vice president, <strong>Praveen Raina explained to Coindesk:<\/strong><\/p>\n<p style=\"text-align: left;\"><em>\u201cWe hope this will be a catalyst for more banks to adopt the blockchain technology so that, together, we can achieve efficiency and cost effectiveness while delivering more high-value financial services to our consumers.\u201d<\/em><\/p>\n<p style=\"text-align: justify;\">The bank announced its news on its official\u00a0<a href=\"https:\/\/www.ocbc.com\/group\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\">website<\/a>, but currently <strong>the details of this announcement appear to have been removed.<\/strong><\/p>\n<p style=\"text-align: justify;\">Stay tuned for the next updates related to the blockchain and <a href=\"https:\/\/www.facebook.com\/holytransaction\/\">follow HolyTransaction on Facebook.\u00a0<\/a><\/p>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>In this article we will talk about the new OCBC Blockchain tests. One of\u00a0the major banks in Singapore, in fact, decided to test a distributed ledger payment service, with the goal to develop new commercial products created thanks to this revolutionary techonolgy. OCBC started to use the ledger to send money between its operations in [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,468],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OCBC Blockchain: new tests on the ledger -<\/title>\n<meta name=\"description\" content=\"One of the major Singapore banks will test the Blockchain as a payment service. 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