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Central Bank of Argentina to Test IOV Labs PoC Blockchain Clearance System Built on R

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#1
▪ Blockchain Proof of Concept (PoC) by IOV labs backed by Argentinian Central Bank (BRCA) already undergoing tests seeking approval.
 ▪ It is set to be onboarded by big players in the Argentinian financial realm including the central bank.

Reports have surfaced that IOV labs – the Blockchain solutions firm – has developed a proof of concept for a Blockchain supported clearing system. The project is now undergoing testing, which is being carried out by the Argentinian Central Bank (BCRA). The BCRA will need to approve this system before it’s to be used by the financial institutions.

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