Indian tech firm helping Thai banks implement blockchain technology

Singapore, May 13 (ANI): One of India's top software technology and services company, Wipro, has been engaged to build a settlements protocol for blockchain, which gave birth to cryptocurrency bitcoin, for eight banks in Thailand."Developed as part of the first phase of Project Inthanon, the solution will enable de-centralised interbank real-time gross settlement (RTGS) using wholesale Central Bank Digital Currency to prove that the technology can perform key functionalities of payment and enhance efficiency," the company said in a statement recently.Blockchain was invented by Satoshi Nakamoto in 2008. His identity is unknown and almost certainly a pseudonym for a person or a group of people. At that time, "Nakamoto" was trying to come up with a means of validating digital currency transactions via distributed, decentralised peer-to-peer network in the wake of the global financial crisis.This eventually served as the technology which gave birth to the cryptocurrency bitcoin.Blockchain

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