Friday, 24 March, 2023

Aussie big bank-backed IBM blockchain platform Lygon mints first guarantee

<p>Lygon, an Aussie platform of ANZ bank, the Commonwealth Bank of Australia, Westpac, IBM and shopping centre company Scentre Group announced minting industry&#39;s first standardised digital bank guarantee using blockchain tech. The group, formed in July 2019, claimed that it was the first time blockchain has been used for a commercial banking product in Australia. The Lygon platform runs on the IBM public cloud and leverages it Blockchain Platform.</p> <p>&nbsp;</p>