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Startup beats IBM for blockchain program of Royal Bank of Canada !!!

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Startup beats IBM for blockchain program of Royal Bank of Canada !!!

Post by anonymous19 on Wed Apr 19, 2017 12:11 am

Chris Finan left his job as a cybersecurity advisor at the White House and used his experience to build a blockchain technology and security startup in Silicon Valley, and he convinced the Royal Bank of Canada ( RBC ) to hire his team at Manifold Technology, over IBM's hyperledger umbrella, to put RBC's rewards program on the blockchain.
Manifold Technology CEO Chris Finan said:
"Manifold Technology (with little funding) just accomplished what big corporations (like IBM, Accenture, PwC, etc.) have yet to do: deploy the first large-scale blockchain for a global bank (Royal Bank of Canada). Our team helped a big bank move quickly in an area of tech that is emerging and often criticized for being theoretical and too complicated."
Manifold has patented their private blockchain and says it is currently working with a large Asia-Pacific bank and several healthcare multinationals to develop an application that will offer greater data privacy and security.
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