online resources

Bangladesh to get its first blockchain remittance service

Standard Chartered Bank has launched the first remittance service in Bangladesh. The South Asian nation of Bangladesh will soon get its first blockchain remittance system that will allow Bangladeshi expats in Malaysia to instantly transfer wage remittances to their home country. According to a report from The Business Standard, the British national banking service firm Standard Chartered Bank (SCB) today announced the blockchain-based cross-border remittance service for Bangladesh. SCB developed the remittance service in collaboration with the Bangladesh-based mobile banking platform bKash and the Malaysian remittance provider Valyou. It utilizes the blockchain technology of Ant Group, the financial arm of…

Continue Reading Bangladesh to get its first blockchain remittance service

Bangladesh to Modernize Its Digital Pension System with IBM’s Blockchain Solution

IBM has reported an activity to fabricate distributed ledger technology based architecture to support the digital pension system for Bangladeshi primary school teachers. The proof-of-concept comprises a permissioned system of teachers and different stakeholders powered by the IBM Blockchain Platform, with pension information uploaded to the blockchain to guarantee tamper-resistant record-keeping and offer security affirmations to teachers taking part in GBB’s e-pension system. The pilot is being directed in partnership with the Bangladesh Computer Council, BCC, which is a government administering IT policy in the nation. IBM’s blockchain platform is scheduled to have the live version of the digital pension…

Continue Reading Bangladesh to Modernize Its Digital Pension System with IBM’s Blockchain Solution

How blockchain can transform a teachers’ pension system

When teachers retire, they expect accurate pension payouts. That’s also the goal of plan administrators, who have an obligation to ensure pension system integrity. Still, inadvertent errors can occur. And if a cybercriminal breaks into the system or corrupts teacher information such as time of service, salary or date of birth, the system will be […] The post How blockchain can transform a teachers’ pension system appeared first on Blockchain Pulse: IBM Blockchain Blog.

Continue Reading How blockchain can transform a teachers’ pension system

End of content

No more pages to load