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Burmese firm hopes to be first microfinance company to use blockchain tech

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A BURMESE microfinance company, BC Finance, is looking to be the first business of its kind to use a blockchain-based core banking system.

BC Finance is working with Infoteria, a Tokyo-based software company, to trial the use of blockchain technology. Both companies have been running tests using servers in a number of countries, including Japan and China, and results so far have been positive.

Jeremy Kloiser-Jones, chief executive of Bagan Capital – BC Finance is Bagan Capital’s microfinance arm – told the Myanmar Times that he believes blockchain tech is going to be “revolutionary”.

“As soon as it gets to a format where its usable by an average company, we’ll be adopting it,” he was quoted saying.

For more on this story visit the following link: Burmese firm hopes to be first microfinance company to use blockchain tech

Source: Tech Wire Asia

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