11 December 2017
visit www.solutions.lexisnexis.com

ABN Amro explores blockchain with Dutch university

27 October 2016  |  9864 views  |  0 ABN Amro

ABN Amro is teaming up with Dutch university TU Delft to develop what it calls "more complex" blockchain applications that can deal with large amounts of data.

Based at TU Delft's blockchain lab, the project will build on the university's previous work in the area, which goes back to 2007.

Although details are scant, the partners say that they want to develop "next-generation blockchain technology that can deal reliably and appropriately with large amounts of data and large numbers of users" and aim to have built a working application, using dummy data, in six months.

All of the code developed will be open source and, as part of the partnership, ABN Amro staffers will also attend courses on blockchain applications in the TU Delft lab.

Arjan van Os, head, innovation centre, ABN Amro, says: "This offers us an excellent opportunity to expand our knowledge and gain a deeper understanding of the ways in which blockchain applications can be used. The fact that it is being approached from a scientific perspective makes it especially interesting."

ABN Amro has formed a 30-strong team to investigate the possible applications of blockchain technology across the bank. van Os and colleague Marjan van der Plas, ran through some potential use cases earlier this year on Finextra.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ABN Amro enlists startup liaison to talk to entrepreneurs

ABN Amro enlists startup liaison to talk to entrepreneurs

14 October 2016  |  7998 views  |  0 comments | 16 tweets | 10 linkedin
ABN Amro joins hyperledger hackathon

ABN Amro joins hyperledger hackathon

12 September 2016  |  6377 views  |  0 comments | 9 tweets | 21 linkedin
ABN Amro's blockchain journey

ABN Amro's blockchain journey

29 April 2016  |  11648 views  |  0 comments | 21 tweets | 31 linkedin

Related company news

 

Related company information

ABN Amro

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.aciworldwide.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18057 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11021 views comments | 7 tweets | 6 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
6583 views comments | 13 tweets | 20 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6408 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5813 views comments | 5 tweets | 12 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job