Deloitte and three Irish banks test ETH-based data management

Deloitte and three Irish banks test ETH-based data management

On May 30, three Irish banks began using employee data solutions for blockchain technology.

Working with Banking Institute (IoB), Bank of Ireland, AIB and Ulster Bank is one of the top four accounting giants Deloitte.

Deloitte developed this Ethereum-based tool using its dedicated EMEA blockchain lab.

“This is a good application of blockchain technology in the banking industry. We are very pleased to support the Banking Institute and the banks involved in this project and look forward to the results of this initiative,” CEO of Deloitte & Touche David Dalton, head of EMEA, commented.

The distributed database will facilitate a broader employee-related data management process and is currently in beta beta and is expected to be fully rolled out by the end of summer 2020.

“The new platform is the first platform for the European financial services industry and will support regulatory, tracking, direct access and management of regulatory and other professional designation, education qualifications and lifelong learning certificates,” participants concluded.

Deloitte is adding its customized blockchain product line, which completed a joint pilot program in February to focus on the application of the technology in the supply chain. (blockchain pencil)