Bank of Poland to build a block-chain based file storage System

Editor's note: This article reprinted from Bit Finance, Author: Helen Partz, translation: long@ Finance, 36 Krypton authorized reprint.

March 29, according to the TechCrunch website, Pko Bank Polski, a large Polish lender, recently announced cooperation with block chain company Coinfirm to provide a DLT based storage and verification system for the bank's file management work.

According to the recently signed agreement, the main task of this cooperation is to use the Trudatum tool developed by Coinfirm company to introduce block chain technology into PKO banking system. The system provides a secure way for customers to access documents that contain regulations, transactions, fees, and commission information.

Anna Streżyńska, president of the Polish financial technology company MC2 Solutions, said that the existing communications tools used to inform customers did not meet security requirements, such as e-mail or Web site notifications, which were subject to modification and deletion of data. As a result, banks are increasingly interested in the use of "block chains to be used for document management systems".

"As a result, the banking industry, supported by the Polish Banking Association (the Polish Bank Association) or the national Clearing House, is looking for technology to solve the problem and one by one tests on the various solutions found, It includes block chain technology. ”

Block-chain storage systems are not only secure, but also save PKO operating costs because they eliminate the need to provide expensive paper documents for customers with a storage amount of more than $9 million.

According to Adam Marciniak, vice president of PKO Bank, the Polish bank has been testing the Trudatum tool since last year, and after the test was successful, another agreement was signed between the bank and the Coinfirm company, hoping to continue cooperating on the project.

"Last year, we started testing the Trudatum platform developed by Coinfirm company. The test results were very successful, so we decided to continue to work more closely together. We firmly believe that we will implement pioneering initiatives based on block-chain technology throughout the entire banking sector in Poland. ”

Earlier this week, Cointelegraph reported that the Bank of England had worked with the "developers of payment systems" to test the compatibility of block-chain technology for the new total payment system of the Bank of England.