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Inter-American Development Bank to Test Blockchain for Land Registries in South America

The Inter-American Development Bank (IDB) is set to partner with ChromaWay, the creator of the blockchain system Chromia, to test a blockchain solution for land registries for Latin American countries.ChromaWay will work with the Bolivian IT services company Jalasoft to pilot the technology in Bolivia, Peru and Paraguay, with the

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Bank of America Explores Ripple’s Blockchain Technology for its Banking System

American multinational investment bank and financial services company, Bank of America, has silently tested Ripple’s blockchain to incorporate distributed ledger technology (DLT) in its banking and other financial services.This might be the boldest step towards blockchain adoption as Bank of America is one of the largest and most distinguished banks

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Bank of America Joins R3’s Marco Polo Blockchain Global Trade Network

Bank of America has joined R3’s Corda-powered Marco Polo Network “to tackle trade finance challenges.”“Tackle trade finance challenges”On Sept. 19, Marco Polo announced the multinational investment bank was joining its network to improve international trade inefficiencies and deliver a better service for its customers. Geoff Brady, head of global trade

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Bank of America Files a Patent for Multi-Tiered Digital Wallet Security

The US Patent and Trademark Office (USPTO) published a new patent application by Bank of America titled “Multi-Tiered Digital Wallet Security,” on August 15. As listed, the new patent’s system was invented by the banking firm’s senior technology manger, Manu Kurian.The patent was initially filed by Bank of America in

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Leading Latin America Investment Bank Joins Distributed Ledger Group

Leading Latin America investment bank BTG Pactual joined the organizing committee of the Post-Trade Distributed Ledger (PTDL) Group.Alliance for blockchain useIndustry news outlet LedgerInsights reported on Aug. 15 that Brazil-based bank BTG Pactual joined PTDL Group’s organizing committee. PTDL Group reportedly provides a platform allowing market participants to share

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Bitex Partners With Bantotal For More Cross-Border Payments in Latin America

Bitcoin (BTC) exchange Bitex has partnered with Uruguay-based financial software company Bantotal in order to expand it cross-border payments system on the Bitcoin blockchain to Latin America.CoinDesk announced the companies’ new partnership in a report on Aug. 13. According to the report, the upshot of this partnership is that

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