Standard Chartered and Axis Bank have announced a new cross-border payments platform built on top of technology developed by Ripple.
A new special interest group has been formed in India to investigate and promote blockchain technology domestically.
IT giant Infosys has built a blockchain-based trade finance platform involving seven Indian banks including ICICI and Axis.
India-based Axis Bank will soon leverage cross-border solutions offered by with distributed ledger startup Ripple.
Two banks in India have reportedly partnered on a series of blockchain trials aimed at testing the waters for potential new services.