Yes Bank ties-up with Bajaj Electricals for vendor financing using block chain

Yes Bank ties-up with Bajaj Electricals for vendor financing using block chain

Yes Bank has entered into a tie-up with Bajaj Electricals for vendor financing using blockchain solution.There is an over 70 per cent cost reduction because of blockchain and the payback for our investments is 6-8 months. Blockchain solutions is a distributed database that maintains a continuously-

growing list of ordered records called blocks. ICICI Bank is the India’s first bank to execute its first transaction on blockchain.

Yes Bank:

♦ Headquarters: Maharashtra

♦ CEO: Rana Kapoor