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Blockchain set to supersede bank guarantee paper trail in NZ

Major Aussie banks, IBM, and Westfield owners established Lygon to develop a better solution.

Dita De Boni Wed, 18 May 2022

A consortium established by Australia’s big banks aimed at replacing the 200-year-old, paper-based bank guarantee procedure with a blockchain-based digital process has just completed a pilot programme with six New Zealand businesses who like what they have seen. 

The platform used in the

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Dita De Boni Wed, 18 May 2022
Contact the Writer: dita@nbr.co.nz
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Blockchain set to supersede bank guarantee paper trail in NZ
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