Largest Credit Bureau In Eastern Europe To Use Blockchain For Customer Data Storage By Cointelegraph

Largest Credit Bureau In Eastern Europe To Use Blockchain For Customer Data Storage

The Polish Credit Office, Biuro Informacji Kredytowej (BIK), has partnered with UK fintech firm Billon to implement blockchain for customer data storage, according a press release from Billon today, May 14.

BIK, the largest credit bureau in Central and Eastern Europe, is owned by Poland’s leading banks and tracks around 140 mln credit histories, according to the press release. BIK president Mariusz Cholewa has stated that the credit bureau’s cooperation with Billon is “long-term,” and that BIK “believe[s] that blockchain technology will transform how the financial sector communicates sensitive data with clients.”

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