UnionBank Philippines uses Blockchain technology to reduce cost

Union bank of the Philippines started to implement Blockchain technology on banks internal processes to lower operational costs.

“In operations, we already launched several internal blockchain applications” Union Bank of the Philippines Chief Executive Officer (CEO) Edwin Bautista told reporters during the Philippine Investment Forum held in Taguig City on 8 August 2018. “The goal is to put blockchain as much as we can in the internal process to reduce our costs. At the same time, it also helps us learn the technology that we can now apply for other services,” the chief executive added.

Read more: http://www.worldngayon.com/2018/08/union-bank-uses-blockchain-technology/