Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer

Blockchain developer IOV Labs said Tuesday it had created a proof-of-concept, for a permissioned blockchain network, based on RSK Smart Contract Network, in conjunction with the central bank and major commercial banks in Argentina including Santander and BBVA. 

The solution is aimed to speed fiat payments, make them more reliable and introduce end-to-end traceability, IOV said.