Raiffeisen Bank International Joins Blockchain Research Institute 6707
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Sharat Chandra
Apr 24, 2018 at 9:18 PM

Raiffeisen Bank International AG (RBI) treats Austria, where it operates as a leading commercial and investment bank, and Central and Eastern Europe (CEE) as its home market. Subsidiary banks cover 14 markets in the region, and the Group also includes numerous other financial services companies, for example in the areas of leasing, asset management, and mergers and acquisitions. 50,000 RBI employees serve 16.5 million customers in more than 2,400 branches, most of them in CEE. Since 2005, RBI shares have been listed on the Vienna Stock Exchange.

Raiffeisen Bank International today declared that it would become the first Austrian bank to join the Blockchain Research Institute. This global think-tank supports its more than 55 members in the realization of blockchain-based projects in financial services, manufacturing, commerce, energy and resources, technology and media, healthcare and public administration.

"Blockchain is a team sport that requires a lot of skilled players to be successful on the pitch. We have decided to join the Blockchain Research Institute to gain access to cutting-edge technology research that will allow us to continue our work on use cases for our industry. Currently, we are particularly interested in the areas of Trade Finance & Capital Markets as well as security applications and identity management. Here we see great potential for our corporate clients, "says Johann Strobl, CEO of Raiffeisen Bank International (RBI).

"We are pleased to welcome RBI to the Blockchain Research Institute," said Don Tapscott, co-founder of the institute and internationally recognized blockchain expert. "The blockchain industry is growing and changing with increasing speed. We look forward to supporting RBI through our research and thought leadership position to position ourselves properly in the blockchain revolution. "

The Blockchain Research Institute is handling the definitive study of the impact of blockchain technology on business, government, and society. The institute's multi-million dollar research program stars over 70 projects committed to exploring, understanding, documenting and informing leaders about blockchain strategies, market opportunities, and implementation challenges. Path-breaking research is financed by group members, which include major corporations and governments from around the world and Raiffeisen Bank International is the latest addition to the group.


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