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Capgemini to partner with Ascribe to develop blockchain database for banking loyalty rewards.

Global Banking News-May 13, 2016--Capgemini to partner with Ascribe to develop blockchain database for banking loyalty rewards

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Global Banking News - 13 May 2016

Capgemini, a firm that offers consulting, technology and outsourcing services, said that it has entered into an alliance with ascribe GmbH to develop a blockchain database solution.

The solution is intended to offer a rewards and loyalty system for consumer banking that tracks processed transactions in real-time. The blockchain database will enable banks to offer consumers the ability to combine loyalty points from various programmes and use them in real-time for redemption.

Bruce Pon, CEO of BigchainDB, part of Ascribe, said, 'The world wants prototypes and use cases for blockchain technologies. Working with Capgemini, we're going to develop multiple proof-of-concepts that are immediately applicable to the real-world.'

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Publication:Global Banking News (GBN)
Date:May 13, 2016
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