Published on September 17th, 2017 | by bitcoin0
Blockchain Technology is to be Piloted in Financial Services After Bankers’ Association Forms Partnership with Fujitsu
Japanese information technology equipment and services provider Fujitsu has signed a partnership with the Japanese Bankers’ Association (JBA) for the conduct of a trial on the feasibility of using Blockchain technology in financial services transactions.
Beginning October 2017, JBA member banks will start to develop their own applications based on Blockchain.
In a press release, the JBA said that Blockchain will be tested in such applications as settlement and fund transfer services.
Other financial institutions adopting Blockchain technology
Aside from the JBA members, other banks are also conducting tests on Blockchain as a base for their financial services.
Among them is SBI Ripple Asia, the joint venture between Ripple Labs and Japanese financial services company SBI.