Goldman Sachs and BNY Mellon Partner for Blockchain Network Test

Tuesday, 12 March 2024, 14:38
Goldman Sachs and BNY Mellon are working together on testing the Canton Network, a new blockchain system aimed at enhancing institutional transactions among established firms. The project targets to improve efficiency and security in traditional financial dealings through blockchain technology. This collaboration signals a significant step towards integrating blockchain networks into the traditional financial sector with promising outcomes for modernizing transaction processes.
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Goldman Sachs and BNY Mellon Partner for Blockchain Network Test

Goldman Sachs and BNY Mellon Partner for Blockchain Network Test

Goldman Sachs and BNY Mellon recently teamed up to conduct trials on the Canton Network, an innovative blockchain platform designed to streamline transactions among traditional institutions. The project focuses on enhancing operational processes within the financial industry, utilizing advanced blockchain technology.

Key Highlights:

  • Collaboration: Leading financial players, including Goldman Sachs and BNY Mellon, are testing the interoperable Canton Network.
  • Efficiency Boost: The blockchain system aims to enhance institutional transactions, promising increased efficiency and security.
  • Modernization: This initiative signifies a step towards integrating blockchain technology into traditional financial processes.
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