Accounting Today: Blockchain-based bank network successfully tested

Tassat, the leading provider of private blockchain-based business-to-business (B2B) real-time payments and financial services solutions to banks, announced the successful testing of The Digital Interbank Network, a blockchain-based business-to-business payment network. “It has been our long-held view that private permissioned blockchain technology operating entirely within the existing U.S. banking system can deliver all the power of blockchain without the need to discard or replace the trusted U.S. banking system that has served the U.S. and the world for more than 100 years. Tassat’s goal is to work with U.S. banks to modernize the U.S. banking system, not to displace or disintermediate banks. We don’t want to see traditional banks get left behind,” said Kevin Greene, Tassat’s Chairman and CEO. Read more. (Subscription required for full access.)