Barclays looks for tech provider for new blockchain settlement engine: Bloomberg

Barclays is seeking a technology provider to develop a new blockchain-based settlement engine, according to a report by Bloomberg. The bank aims to enhance its settlement processes using blockchain technology to improve efficiency and reduce costs. Barclays is exploring partnerships with firms that have expertise in blockchain solutions. This initiative reflects the growing interest among financial institutions in leveraging blockchain for various applications. The move aligns with broader trends in the industry towards digital transformation and innovation in financial services.

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