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Bajaj Electricals in India uses blockchain to pay suppliers

by Futures Centre, Oct 10
1 minute read

In India, Bajaj Electricals is using a Blockchain-based system to pay suppliers, developed in a partnership between Yes Bank, IBM and a fintech start-up, Cateina Technologies. It is one of the first examples of a private company using Blockchain in India, which could be a game changer. The system has cut payment processing time for suppliers down from up to five days to almost real-time.


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