Blockchain Technology Invades Polish Bank Management System

A new revolutionary partnership has been signed between major Polish bank PKO BP and blockchain company Coinfirm. The agreement confirms the creation of a blockchain-based storage and verification system for bank documents.

“Every document recorded in the blockchain (e.g. proof of a transaction, or bank’s terms and conditions for a given product) will be issued in the form of irreversible abbreviation or hash signed with the bank’s private key. This will allow a client to verify remotely if the files he received from a business partner or from the bank are true, or if a modification of the document was attempted,” the Coinfirm team reported.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-invades-polish-bank-management-system/