Alior Bank starts using public blockchain

Alior Bank is the first Polish bank to provide a platform with banking documents, the authenticity of which can be verified by using the public blockchain network, Ethereum. All customers who have declared that they prefer the bank to contact them electronically will no longer receive letters, which will significantly reduce the unnecessary use of paper and, at the same time, bring significant savings for the bank, Alior Bank has said. Every year, the bank sends over one million letters to its clients to inform them about changing regulations, fees, commissions, and interest rates.

(ISBnews)