“Big Four” EY Joins Major E.U. Firms to Build a Blockchain for ECP Markets

Big Four accounting firm EY is back in blockchain world headlines this week, this time for joining forces with some of Europe’s most recognizable institutions in having begun work on a blockchain platform for settlements involving European Commercial Papers (ECPs).

Announced by the initiative’s members on Wednesday, the collaboration entails an already developed “proof of value” being built out. EY is linking up with Spanish commercial banking giant Banco Santander, the European Union’s lending institution the European Investment Bank (EIB), and Belgian financial services company Euroclear in the effort.

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