Advertisement

UnionBank wants to connect rural banks through blockchain

Font Size

UnionBank
BW FILE PHOTO

UnionBank of the Philippines is set to launch a clearing system that connects rural banks through blockchain technology.

Dubbed as Project i2i, which stands for island-to-island, institution-to-institution and individual-to-individual, the platform is seen to connect rural banks, which in turn will foster financial inclusion among unbanked Filipinos.

UnionBank Chairman Justo A. Ortiz described Project i2i as a real-time, cost-effective and secure way to connect the small-scale lenders. — Karl Angelo N. Vidal

Advertisement