South Korean NH Bank Joins R3 Distributed Ledger Consortium

South Korea’s NongHyup Bank (NH Bank) has joined the R3 distributed ledger consortium.

With the move, NH Bank, a Seoul-based agricultural bank, aims to collaborate with the enterprise-focused group’s other members in fostering developments in blockchain technology.

According to a Business Korea report, an official from the the bank said:

“We will acquire technology by joining the consortium and apply it to various sectors of NH Nonghyup Bank such as the financial and economic sectors.”

The bank will further propose a pilot project that will look to commercializing blockchain technology in collaboration with fintech firms…

Read Full: South Korean NH Bank Joins R3 Distributed Ledger Consortium