Israeli Bank Hapoalim joins the blockchain platform Digital Bank Guarantee fromTata Consultancy Services.
The platform has been createdis focused on digital banking services in Israel.With it, banks can more effectively regulate the process of bank guarantee.
The guarantee service ensures the debtor's obligation to the creditor.Costs.
In the future, the range of services will be extended to other services, in addition to guarantees.
Dov Kotler, CHIEF of the United Sea of Hapoalim, believes that the introduction of Digital Bank Guarantee will allowexpand the customer base by attracting the corporate sector, small and medium-sized businesses, and individuals.
Financial institutions that operate with debt are increasingly introducingblockchain technology into their systems.
For example, Australian banks are actively adopting similar technologies.Three of the four largest banks forma company to digitize bank guarantees.
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