Published on May 14th, 2018 | by bitcoin0
Blockchain to Be Used by Largest Credit Bureau in Eastern Europe
The Polish Credit Office, Biuro Informacji Kredytowej (BIK), has partnered with UK fintech firm Billon to implement blockchain for customer data storage, according a press release from Billon today, May 14.
BIK, the largest credit bureau in Central and Eastern Europe, is owned by Poland’s leading banks and tracks around 140 mln credit histories, according to the press release.
As per the press release, Billon terms itself a so-called “civilized blockchain” company, meaning that it implements blockchain to ultimately process fiat currencies.
Andrzej Horoszczak, CEO of Billon, said that the data system: “is the start of a true revolution in information management.
In an extra-EU context, and with an emphasis on security and automation, China’s official government auditor is now considering a blockchain solution to streamline its colossal data infrastructure.