ABN Amro Partners With Dutch University on Blockchain Projects

A prominent bank in the Netherlands is working with a local university to develop a series of blockchain prototypes.

 

A prominent bank in the Netherlands is working with a local university to develop a series of blockchain prototypes.

ABN Amro, which is a member of the Linux Foundation-led Hyperledger project and an investor in blockchain startup Digital Asset Holdings, has announced a collaboration with the Delft University of Technology, based in South Holland. The two institutions will jointly develop applications within TU Delft's blockchain laboratory.

The goal, they said, was to create systems "that can deal reliably and appropriately with large amounts of data and large numbers of users", with an eye to create working applications over the next six months. Further, ABN Amro staffers will attend seminars and workshops at the university in a bid to educate bank staff on the technology.

Arjan van Os, head of ABN Amro's innovation wing, said in a statement:

“We are delighted to be able to work with an expert partner like TU Delft. This offers us an excellent opportunity to expand our knowledge and gain a deeper understanding of the ways in which blockchain applications can be used. The fact that it is being approached from a scientific perspective makes it especially interesting.”

Projects developed by the ABN Amro and TU Delft will be open-sourced, the university said in a statement.