IBM will help Azerbaijani banks introduce blockchain into payment system


Technology giant IBM will help banks in Azerbaijan to introduce the blockchain technology into the cashless payment system. This is reported by Trend News Agency.

Commercial banks will get access to a single blockchain platform on which customer information will be stored. According to Farid Osmanov, the introduction of technology will also allow customers of financial institutions to issue loans more quickly.

In the framework of the state program of Azerbaijan, IBM will also assist banks in the development of digital identification.


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