Brazilian financial regulators’ new PIER data-sharing blockchain cost about $250,000 to build and it runs on the Quorum blockchain. Banco Central do Brasil (BCB) began developing PIER in 2017 and launched it in early April. In total it cost...
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Brazil’s financial regulators launched an information-sharing blockchain platform called PIER on Wednesday. At launch, the blockchain pulls data from three of Brazil’s four major financial institutions: the private insurance superintendent (SUSEP), the Banco Central do Brasil (BCB) and securities...