Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
The UDPN is an interoperability bridge between blockchains while applying battle-tested decentralized digital identity standards to participants, allowing transactions to happen in a bank-friendly and regulated environment.
The banks are running a series of test cases, including transferring and swapping USDC stablecoins, on the Universal Digital Payments Network , a permissioned blockchain system composed of validator nodes run by an alliance of banks, financial institutions and consultancies. “The UDPN is a network where the affiliation of members is permissioned. But the key thing here is that the transactions themselves are placed onto the underlying infrastructure, which includes permissionless networks,” Thorsten Neumann, CTO of SC Ventures, said in an interview.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Standard Chartered reports third-quarter profit slump on impairmentsStanChart, which earns most of its revenue in Asia, said statutory pretax profit for the third quarter of this year fell to $633 million.
Read more »
Standard Chartered 3Q Underlying Net Profit $644M Vs. $915M |2888.HKBy Sherry Qin Standard Chartered PLC's third-quarter underlying net profit dropped 30%, weighed by higher credit impairment and operating expenses. The...
Read more »
Standard Chartered shares slide 12% as China losses hit earningsStandard Chartered CFO Andy Halford said the bank was going to stick with China despite the country's economic woes.
Read more »
Standard Chartered shares slide 12% as China losses hit earningsStandard Chartered CFO Andy Halford said the bank was going to stick with China despite the country’s economic woes.
Read more »
Deutsche Bank net profit slides 8% in third quarter but beats expectationsDeutsche Bank reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), slightly beating expectations.
Read more »