Blockchain-based company Tech Bureau and software-based firm Infoteria has recorded the experiment of private blockchain technology for microfinance purposes.
According to the press release, this attempt marks the first blockchain experiment in the micro-finance sector. Both companies successfully transferred loan and deposit account data from BC Finance, Myanmar’s largest microfinance institution, to the Mijin private blockchain. The blockchain was hosted on Microsoft Azure for this test. By using ASTERIA WARP and Mijin adapters, the field trial was declared a complete success.
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