PwC’s FinTech Insights July 2018

FinTech Insights

An exclusive look at the latest developments and evolving technologies in the FinTech space

FinTech news from around the world

Global insights handpicked by PwC

World’s largest bank eyes faster asset exchange with blockchain

The Industrial and Commercial Bank of China (ICBC), one of China's "Big Four" state-owned commercial banks and one of the world's largest by total assets, is seeking to patent a blockchain system for the exchange of financial assets. According to a patent application filed by the bank in January and revealed on Friday, the system envisions a platform whereby participating institutions can function as nodes to form a distributed network.

Follow us