Several Japanese financial institutions have joined forces with the country’s multinational tech giant Fujitsu to examine whether blockchain can improve the inter-bank settlement system. Fujitsu will be the application development vendor in an upcoming test of distributed ledger technology (DLT) solutions for small-scale transactions, according to the Fujitsu’s press release from Monday.
The Japanese Banks’ Payment Clearing Network (Zengin - net.) will conduct the trial’s transactions with the participation of nine banks: Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Resona Bank, the Joyo Bank, the Bank of Fukuoka, the Nishi-Nippon City Bank, Sumitomo Mitsui Trust Bank, and the Keiyo Bank. The trial, which date is unclear, will use dist...
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