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.
In the deal, Fujitsu will supply a Blockchain platform that is based on the open-source Hyperledger Fabric code base to be used by banks in different business use cases.
Beginning October 2017, JBA member banks will start to develop their own applications based on Blockchain. They will then conduct a trial run to determine the feasibility for commercial applications.
In a press release, the JBA said that Blockchain will be tested in such applications as settlement and fund transfer services.
"JBA will provide its Collaborative Blockchain Platform to its member banks and other institutions as a testbed environment for applications employing Blockchain technology, such as for settlement and funds transfer services, and identity and time-of-transaction authentication."
Full story at http://bit.ly/2xdkfSK
Source: CoinTelegraph
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