A prominent bank in the Netherlands is working with a local university to develop a series of blockchain prototypes.
, which is a member of the Linux Foundation-led Hyperledger project and an investor in blockchain startup Digital Asset Holdings, has announced a collaboration with the Delft University of Technology, based in South Holland. The two institutions will jointly develop applications within TU Delft's blockchain laboratory.
The goal, they said, was to create systems "that can deal reliably and appropriately with large amounts of data and large numbers of users", with an eye to create working applications over the next six months. Further, ABN Amro staffers will attend seminars and workshops at the university in a bid to educate bank staff on the technology.
Arjan van Os, head of ABN Amro's innovation wing, said in a statement:
Projects developed by the ABN Amro and TU Delft will be open-sourced, the university said in a statement.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.