The Royal Bank of Canada is looking at ways to implement blockchain technology for payments between its Canada and U.S. banks, using a system developed with software from the blockchain consortium Hyperledger.
The system was moved into existing RBC systems a few weeks ago to “shadow” the bank’s primary payment ledger, Martin Wildberger, the executive vice president for innovation and technology at RBC, told Reuters today in exclusive comments.
Wildberger said:
We wanted to set it up as a shadow ledger so that we can demonstrate our leadership in exploiting that technology while at the same time recognizing that the technology is still early in its adoption phase.
Read more at Reuters and CoinTelegraph.