A decentralized data exchange protocol is to be set up for Deutsche Bank – as stated in a supplement to the Official Journal of the European Union. The Berlin-based blockchain company BigchainDB GmbH is to be commissioned for this. According to the German Central Bank, the company’s Ocean Protocol, which is rather unknown in the industry, was the only contractor to be considered due to “a lack of comparable competitors”.

By the support of the Ocean Protocol the financial institution wants to develop a platform for the safe processing and transmission of data based on the block chain technology.