Jonny Fry Posted

Australia’s first significant use of Blockchain technology in the financial services sector
Source: Procreditbank.med

A 2 min video looking at the first large scale use of Blockchain technology in Australia in the financial services sector

The first notable use of Blockchain technology in the financial services sector is a project Lygon backed by ANZ and Commonwealth bank, Scentre Group (which runs the Westfield shopping centres) and Westpac, powered by IBM on the hyperledger Blockchain.

However, it is rather ironic according to the Urban dictionary Lygon is “a person with limited or extremely low intelligence, who on their best day couldn’t figure out what to do...