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South Korea’s Largest Foreign Exchange Bank Files 46 Blockchain-Related Patents

South Korea’s biggest foreign currency echange financial institution — Korea Trade Financial institution (KEB Hana Financial institution) —  has introduced that it has filed 46 patent packages for industry fashions associated with blockchain, industry generation information web page ZDNet stories on Feb. 13.

KEB Hana Financial institution, part of the Hana Monetary Staff (HFG) — one of the vital biggest financial institution keeping corporations in South Korea — has finished 46 patent packages for tactics and methods for getting out of the country merchandise, methods and strategies for digital contracts and strategies and methods for offering virtual asset products and services the usage of blockchain.

The e-newsletter underlines that one of the filed patents are recently being evolved.

As well as, KEB Hana Financial institution is operating on an web banking carrier in keeping with blockchain tech that permits for the issuance of IOUs. Han Jun-Seong, a vice chairman at KEB Hana Financial institution, stated:

“The patent packages aren’t with regards to making use of blockchain generation into the banking [system]. It is very important attach the brand new industry fashions and the financial institution’s inside device thru a blockchain.”

Banking establishments are a number of the varieties of corporations which can be submitting essentially the most vital choice of blockchain patents. Financial institution of The usa (BoA), the second-largest financial institution in america, used to be main within the casual blockchain patent race with a number of greater than 50 packages by means of fall 2018.  

In early February, Cointelegraph reported on a survey carried out by means of TD Financial institution that confirmed dispensed ledger generation and blockchain are regarded as to impact the monetary trade definitely.

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