BBVA's global head of customer solutions, Derek White, says: "BBVA's digital transformation continues to gather pace and reach into new areas, and this is a prime example of where disruptive technology can add real value to business processes. The use of blockchain in this transaction has greatly increased transparency and speed, while equally improving efficiency - it's a win win for both us and Indra." A member of the R3 consortium, the Ethereum Enterprise Alliance and Hyperledger, BBVA is currently running several pilot projects to explore tha application of distributed ledger in multiple use cases across the bank.