Hana Financial Partners with Lambda256 for Blockchain Overseas Remittance System

Hana Financial Group selects Lambda256 to develop blockchain-based cross-border payment infrastructure on GIWA Chain, integrating smart contracts with existing banking systems to streamline remittance operations.

Woofun AI reports that Hana Financial Group has designated Lambda256 as the technology partner for a new overseas remittance and payments initiative developed in collaboration with Dunamu. The project, which commenced in June, utilizes distributed ledger technology to modernize cross-border payment processing. Lambda256, the blockchain subsidiary of Dunamu, is developing smart contracts on the GIWA Chain enterprise platform to record and process remittance transactions. These contracts are being integrated with Hana Bank’s current foreign exchange and account systems to enhance transparency and streamline operations.