IDRBT, a subsidiary of the Reserve Bank of India, prepares to develop a blockchain banking platform

According to BusinessLine, the Institutional Banking Technology Development and Research Institute (IDRBT), a subsidiary of the Reserve Bank of India (RBI), is developing a blockchain model platform to meet the needs of banks. IDRBT executives said, “We have been developing a model platform for the government's blockchain applications in the banking industry. It will be documented and developed next year.”