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An Argentinian consortium of banks and technology companies under the patronage of the Central Bank of Argentina is promoting a pilot program implementing blockchain. The system would be used to handle direct account debit claims. The pilot was announced on April 21 by IOV Labs, the developer of the RSK blockchain. The company is part of the 2019 Financial Innovation Roundtable, which also includes Sabra Group, Banco de la Provincia de C√≥rdoba, BBVA, ICBC, Banco Santander and others. The group has worked for several months since the end of 2019 to create a system that would track bank account transactions through what IOV claims is a decentralized network. Specifically, the blockchain system will handle direct debit transactions for customers, where the payment…

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