Major European Bank PKO BP Testing Coinfirm's Blockchain Platform
The largest bank in Central Europe has cemented itself on the list of leading innovative financial institutions by beginning to test the blockchain platform "trudatum" by Coinfirm for adoption.
London, England, July 6, 2017 (Newswire.com) - PKO BP's testing of trudatum marks another notch in blockchain adoption within financial institutions. A provenance and verification platform for any type of data, document or file, “trudatum” is the latest blockchain solution from the creator of the Blockchain Compliance & Analytics Platform, Coinfirm. A recognized leader in cryptocurrency and blockchain compliance, big data analytics, and regtech, Coinfirm has worked hand in hand with PKO BP along with MIT’s Enterprise Forum for a few months on the adoption of trudatum within PKO BP’s operations and now the bank has begun to officially test the platform.
Known as one of the more technologically advanced financial and banking markets in the world, Poland hasn’t had much traction in major banks investing in or adopting blockchain technology until PKO BP and Coinfirm came together. Now, PKO BP stands to continue its legacy in the financial industry while placing itself as one of the innovative financial institutions in the world actually working on adopting concrete blockchain technology and solutions.
“We’re extremely proud and excited to be working with PKO BP on further bringing blockchain into major players and financial institutions. With trudatum we couldn’t ask for a better partner to begin with in the financial industry and they have been great with their approach in addressing this unique opportunity," said Coinfirm CEO and Co-Founder Pawel Kuskowski. "We see it as the beginning of a fruitful relationship between us and look forward to helping them plant their flag as a global leader in blockchain adoption among major banks,”
"...further bringing blockchain into major players and financial institutions."
Trudatum by Coinfirm provides financial institutions, insurance companies, corporates, and SMEs an easy to adopt and use solution for the registration and verification of data and is delivering a new standard of assurance, efficiency, security and user friendliness on the market. Now, PKO BP has the potential to significantly streamline and secure internal and external processes while providing a new sense of trust and security for their clients and partners.
Current solutions related to data and ownership provenance and verification are expensive, inefficient, have vulnerable security and are complicated to adopt and use. trudatum improves these aspects while also providing a superior and cryptographically secure digital signature capability. Coinfirm’s trudatum brings a new era to data, document and file trust that can further help companies secure their data and reduce costs and risk.
With PKO BP on board, this marks another large and more traditional player Coinfirm is bringing into the blockchain ecosystem through their array of solutions. The two leaders in their respective fields working together marks another advancement in the further institutional and commercial adoption of blockchain in major financial markets.