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ICAP completes blockchain proof of tech

15th March 2016 Church News.

ICAP has completed a proof of technology test case for a distributed ledger based on blockchain technology. The company’s Post Trade Risk and Information (PTRI) division has developed the proof of technology, using the multi-asset messaging and matching Harmony network and blockchain infrastructure from Axoni to build a private, peer-to-peer distributed ledger network for smart contracts. The new technology could offer participants a practical, cost-effective way to achieve greater accuracy and security, while ensuring regulatory compliance.