The multinational financial corporation ING implements block technology into its work. It is developing the blockchain database.
Together with R3CEV consortium the transnational financial corporation ING is developing a distributed database based on blocking technology, which will be used by the company to enhance the confidentiality of its operations in the future. One of the most important needs of financial institutions in the sphere of capital market operations is the confidentiality of their daily activities. The technology of blockchain provides banking giants, such as ING, with the necessary solution. ING Group is planning to use blockchain technology for some directions of its activity. The company developed modified and improved version of Zero-knowledge proof. Its aim is to provide secure and confidential activity. Zero-knowledge proof will allow to guarantee the knowledge of Bank about specific secret information without disclosing this information. Zero-knowledge proof is the perfect client information secure method for financial institutions such as ING group. The distributed database is created on the basis of blockchain technology. It records all financial operations made by company and uses random encrypting in order to secure database from manipulations and falsification. This function makes net absolutely secure.