IDRBTInstitute for Development and Research in Banking Technology (India)
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Further, it said the views expressed in the study are "those of the author alone" and do not represent the views of IDRBT or RBI.
The IDRBT trial successfully demonstrated how blockchain can be used with the current payment protocols.
While a few banks participated in the actual trial, for trade finance, the Blockchain Working Group initiated by IDRBT has a much larger participation, with representatives from banks, technology companies and other financial services firms.
Such a platform already exists in India," says a senior executive of a PSU bank, "in form or NPCI and IDRBT.
India-based Federal Bank has won the IDRBT Banking Technology Excellence award for 2013-14.
The IDRBT Banking Technology Excellence Awards claim to recognise and honour innovative use of information technology to enhance levels of customer service.
Mangalore-based private sector bank, Karnataka Bank Ltd, has won the IDRBT Banking Technology Excellence Awards for 2012-13, for 'small banks.
B Sambamurthy, director, IDRBT, said, 'young customers offer a huge value proposition.
Tenders are invited for Making Beds/Cots with Head Board and 2 Side Storage (60 Sets) & Re-Painting of rooms in Participant Rooms in 5th, 6th & 7th Floor of EFC Building in IDRBT Premises.
IDRBT would shortly kickstart the process by inviting applications from innovators.