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Cryptopolitan 2019-07-12 17:00:30

YES bank becomes first in Asia to issue Commercial Paper via blockchain

One of India’s largest private banks, YES bank has recently issued Asia’s first Commercial Paper with the help of blockchain technology. The issuance happened for Vedanta Limited, a large natural resource conglomerate in India. According to the bank’s representatives, the use of the blockchain platform was a breath of fresh air as it simplified protocols which were previously quite hectic for both parties involved. The reports say that there were four main points that the blockchain managed to improve. One of them was the TAT (Turnaround Time) between the issuance and the redemption process. Visibility and transparency of the Commercial

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