State Bank of India will hold the beta launch of their smart contracts next month.
Right now, SBI procures a lot of the IT processes. There are many internal processes that can benefit from the use of smart contracts. Another key advantage of smart contracts is that there are not many regulations in place for smart contracts. This makes it very attractive to the banking sector. The banks involved in the Bankchain group share their knowledge and technical expertise with each other. This allows SBI to come up with innovative solutions.