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'''BankChain''' was an Indian platform and initiative for [[banks]] to implement [[blockchain]] software that was launched in 2017. A majority of the major banks in India were members and the platform was designed for systems that shared data between its members.<br />
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== History ==<br />
BankChain was announced on 8 February 2017 by [[State Bank of India]] (SBI), [[India|India's]] largest bank.<ref>{{Cite news|url=http://computer.expressbpd.com/news/bank-chain-indias-first-blockchain-exploration-consortium-launched-for-banks/20453/|title=Bank-Chain: India's first Blockchain exploration consortium launched for&nbsp;banks|work=Express Computer|access-date=24 Oct 2018|language=en-US|author=Srikanth RP|date=25 Jul 2018|archive-date=2 May 2017|archive-url=https://web.archive.org/web/20170502195304/http://computer.expressbpd.com/news/bank-chain-indias-first-blockchain-exploration-consortium-launched-for-banks/20453/|url-status=dead}}</ref><ref>{{Cite news|url=http://economictimes.indiatimes.com/articleshow/57178212.cms|title=SBI takes lead in blockchain, to use it to prevent fraud - The Economic Times|work=The Economic Times|access-date=24 Oct 2018|author=Sangita Mehta|date=16 Feb 2017|language=en-US}}</ref> BankChain members included the [[State Bank of India]], [[ICICI Bank]], [[DCB Bank]], [[Kotak Mahindra Bank]], [[Federal Bank]], [[Deutsche Bank]] and [[UAE Exchange]].<ref name=ext>{{Cite web|url=http://www.bankchaintech.com/members.php|title=BankChain members and partners|website=Bankchain|access-date=24 Oct 2018|archive-date=25 October 2018|archive-url=https://web.archive.org/web/20181025071126/http://www.bankchaintech.com/members.php|url-status=dead}}</ref> BankChain was formed in collaboration with Primechain Technologies, a [[Pune]]-based startup.<ref name="indianweb">{{Cite web|url=http://www.indianweb2.com/2017/02/14/introducing-bank-chain-indias-first-blockchain-exploration-consortium-banks/|title=Introducing Bank-Chain, India's First Blockchain Exploration Consortium For Banks|date=2017-02-14|website=IndianWeb2|access-date=24 Oct 2018|author=Vardaan|archive-date=2017-04-04|archive-url=https://web.archive.org/web/20170404220405/http://www.indianweb2.com/2017/02/14/introducing-bank-chain-indias-first-blockchain-exploration-consortium-banks/|url-status=dead}}</ref><br />
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== Projects ==<br />
{{As of |2017}}, the active projects included shared [[know your customer|KYC]] / [[anti–money laundering|AML]], syndication of loans / consortium lending, trade finance, asset registry & asset [[Hypothecation|re-hypothecation]], secure documents, cross border payments, [[peer-to-peer]] payments, and blockchain security controls.<ref name=ext /><ref name="adarsh">{{cite web |author1=Ani |title=Adarsh Credit partners with BankChain to Deploy blockchain solutions |url=https://www.business-standard.com/article/news-ani/adarsh-credit-partners-with-bankchain-to-deploy-blockchain-solutions-118012300712_1.html |website=Business Standard |accessdate=25 October 2018 |date=23 Jan 2018}}</ref><br />
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== References ==<br />
{{Reflist}}<br />
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==External links==<br />
*[http://www.bankchain.org.in/ Official Website] {{Webarchive|url=https://web.archive.org/web/20170404220110/http://www.bankchain.org.in/ |date=2017-04-04 }}<br />
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[[Category:Blockchains]]</div>Vilianajgd