39 state banking associations in the United States formed BankChain Alliance, scheduled to go online by 2027

The 39 state banking associations in the United States established Bank Chain Alliance, which plans to establish a network of block chains jointly owned and managed by banks for community and regional banks, with a target date of 2027. The network is intended to support the functions of monetization deposits, stabilization of currency, programmable payments and automatic settlement, with the aim of helping small and medium-sized banks to access block block financial infrastructure while complying with existing regulatory standards. Bank Chain has not yet published technology suppliers, bottom block chains, network structures, governance models and regulatory frameworks, nor is it clear whether it is based on existing public chains such as XRP, Etherak or Solana, which are expected to cover thousands of United States financial institutions。