EdgeVerve Systems, a subsidiary of Infosys product (NYSE: INFY), which offers universal banking solution package Infosys Finacle, it has decided to present during the Infosys Clonfluence event in San Francisco to EdgeVerve Blockchain Framework, which is a solution designed to encourage technology adoption blockchain by the international financial services sector. The goal is to provide solutions and technologies that offer value and time based on the Blockchain.

The EdgeVerve Blockchain Framework is a record that has authority and allows banks to quickly implement services based on chains of blocks for various business areas. Designed specifically for the banking sector, you can scale to the levels needed to support operations and international transactions beyond borders.

This capability allows applications developed from this structure as viable for the execution of payments and other banking services to high volume platforms. Applications that depend on blockchain technology developed from this structure allows us to offer greater efficiency, better security of transactions and greater accuracy at a lower cost than expensive recording platforms that are currently based in the global banking system.

Andy And EdgeVerve President, says: “Blockchain can offer significant opportunities to upgrade existing processes and reduce costs and improve operational efficiency and data authenticity of the transaction. In EdgeVerve, we are making significant investments in this space including our research facilities in Ireland and important associations of the financial industry.”

The main features of Edge Verve Blockchain Framework are:

A distributed record: This structure uses blockchain technology in a distributed and authenticated environment.

This structure uses blockchain technology in a distributed and authenticated environment. An indifferent treatment of assets: banks can create multiple active by taking advantage of this structure, allowing them to store and transfer various assets of the transaction within a single network.

banks can create multiple active by taking advantage of this structure, allowing them to store and transfer various assets of the transaction within a single network. High scalability: this structure comprises an API layer for extensibility and integration of administrative tools. Banks can quickly develop and deploy their own custom solutions of blockchain, in addition to the approaches and solutions of scale to meet the requirements of national and international banking.

Source: edgeverve, bolsamanía, Cointelegraph

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