Blockchain This Week: Blockchain To Boost Agriculture Productivity And More

As blockchain technology finding new takers every day, several banks across the world are investing around $50 Mn to create a digital cash system using blockchain to carry out all their financial transactions.

The project known as “utility settlement coin,” was proposed in 2015 by Swiss bank UBS Group AG and London-based technology startup Clearmatics. The project is aimed at developing a system to ensure efficient clearing and settlement across financial markets.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script")[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=d+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var r=e.createElement("script");r.async=1,r.id=s,r.src=i,o.parentNode.insertBefore(r,o)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");