Skip to main content
Submit a signal

Bajaj Electricals in India uses blockchain to pay suppliers

by Futures Centre, Oct 10
1 minute read

In India, Bajaj Electricals is using a Blockchain-based system to pay suppliers, developed in a partnership between Yes Bank, IBM and a fintech start-up, Cateina Technologies. It is one of the first examples of a private company using Blockchain in India, which could be a game changer. The system has cut payment processing time for suppliers down from up to five days to almost real-time.

Details

by Futures Centre Spotted 1998 signals

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • Share

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.

>