Follow us on or join ours

National Clearing House and PKO Bank Polski recently announced the implementation of a new technology-based solution blockchain. I am talking about the system reporting of transactions carried out under the savings treasury bonds. Companies such as IBM i CoinfirmThe project has been approved by the Ministry of Finance.

Blockchain HLF

The cooperation of KIR, PKO BP and the technology companies IBM and Coinfirm, resulted in the implementation of a system that guarantees full security of data related to transactions carried out on savings bonds. Everything took place in agreement with the Ministry of Finance. The network is based on the HLF blockchain technology, and because it is a decentralized network, it ensures the integrity and permanent nature of process data. Such a database, in turn, allows, thanks to a special application, to generate reports based on current data.

Cooperation between KIR and PKO BP

The new system is the next stage of cooperation between KIR and PKO BP. Companies have already managed to implement a durable medium and a durable medium 2.0, which ensured fully digital, secure delivery and storage of documents. However, in the fall of last year, KIR, PKO BP, IMB, Chmura Krajowa, UKNF, Fintech Poland Foundation and Cyberium Foundation, joining forces, launched the first Blockchain Sandbox in Poland. Thanks to this, a safe environment was created, ensuring the possibility of free testing of innovative solutions before introducing them to the market.

Forecasts for the future

Experts estimate that the value of the global blockchain solutions market will reach 2025 billion dollars by the end of 39,7. On the other hand, the industry that will lead the way in implementing this technology will be the financial industry, as evidenced by the increasing number of projects based on this solution. It is also worth mentioning that both KIR and PKO BP are important entities in this sector. KIR is one of the most important companies servicing the infrastructure of the Polish banking sector. It was established on the initiative of the National Bank of Poland, the Polish Bank Association and 16 commercial banks as the entity responsible for the electronicisation and professionalization of interbank settlements made in Poland. On the other hand, the PKO BP bank is the undisputed leader of the entire Polish banking sector.

Tokeny.pl is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency tokeny.pl website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. Tokeny.pl is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

© Copyright 2019 Tokeny.pl

My Newsletter

Sign Up For Updates & Newsletters