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ANZ, Westpac, CBA digitise bank guarantees in first use of blockchain

ANZ, Westpac, CBA digitise bank guarantees in first use of blockchain

Commercial lease guarantees are provided by banks on behalf of a tenant to a large commercial landlord, providing assurance that the rent will be paid. Until now, the process has been paper-based. It typically takes several weeks for the documents to be prepared, negotiated and delivered physically.








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