Showing posts with label ZDNet. Show all posts
Showing posts with label ZDNet. Show all posts

February 25, 2019

The Australian financial regulator is testing a blockchain to automate money transfer instructions.

Austrac, a government financial intelligence agency, is reportedly working with Swinburne University of Technology in Melbourne to test blockchain technology and smart contracts to help several actors automate their transfer instructions for international funds (IFTIs), representatives of Austrac told. The reporting organizations include banks, intermediaries and casinos, reports ZDNet.