UK Finance, a trade association for the United Kingdom banking and financial services sector seeks to expand its pilot of an experimental shared ledger to track financial firm’s payments.
Perfect Participants for the Pilot Testing
With this offering, the association hopes to connect some of the disjointed dots in the nascent world of crypto.
According to UK Finance, top players across the banking sectors as well as other financial service providers have all joined the pilot testing phase for the proposed service. Some of these entities include Barclays Plc, Lloyds Banking Group Plc, Citigroup Inc., Mastercard Inc., and Visa Inc.
Gilbert Verdian, CEO at Quant, acknowledged that the pilot phase has been going on for the past two months. His firm, which creates interoperable blockchain networks, is focused on providing the technology needed for the pilot testing phase. UK Finance intends to publish the results from this testing by August.
This marks a significant milestone for th
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