Hitachi Establishes Fintech Blockchain Innovation Lab in California
Japanese multinational and global conglomerate Hitachi has revealed its plans to establish a Financial Innovation Laboratory. The new installation will function as a Fintech research organization in Hitachi’s Global Center for Social Innovation at Silicon Valley, California. In a press release that made the announcement of a new fintech laboratory today, Hitachi revealed that the new organization will work together with the company’s Center of Social Innovation in North America (CSI-NA) specifically in areas of research and development of blockchain technology. Deeming distributed ledger....
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Hitachi has just announced its plans to establish a FinTech lab at its Silicon Valley headquarters in California. The research and development will look at blockchain technology to further its innovation and collaborate with other financial institutions. In its press release announcement the company states: The Hitachi Group and its financial solutions....
Japanese technology conglomerate Hitachi is set to open a financial technology research laboratory in the US that will focus on blockchain applications. The research center will open next month in partnership with its technology innovation division based in Silicon Valley, California. Hitachi indicated that it plans to use the research center as a means to work on initiatives with its customer base. Hitachi operates in a number of industries including IT, consumer electronics and power generation. Hitachi said in a statement: “By establishing the Financial Innovation Laboratory in the....
The Bank of Tokyo-Mitsubishi UFJ and tech giant Hitachi are now working on a blockchain proof-of-concept aimed at e-check management. The prototype system, according to the two companies, seeks to create a digital platform for "issuing, transferring and collecting electronic checks". Nikkei reports that further trials are expected to take place in the coming days, and that a full-scale version could see wider release in 2018. Hitachi said in a statement: "Using the system, BTMU issues and settles checks and some of Hitachi Group companies in Singapore receive the electronic....
The Bank of Tokyo-Mitsubishi UFJ and Hitachi are working on a blockchain-based prototype that processes and verifies the integrity of check payments. Hitachi & Mitsubishi Test Blockchain-Based Checking. Blockchain technology has become quite popular in Japan to financial institutions that reside in the region. According to Nikkei, this particular....
The largest bank in Japan (MUFG) and Hitachi Ltd are teaming up to commence their Proof-of-Concept for a Blockchain-based system to digitalize checks and possibly the rest of the banking. The system itself will be used for issuing, transferring and collecting digital checks. The MUFG will be issuing the checks while Hitachi Group companies in Singapore will be collecting and depositing the funds. According to a press release by the MUFG and Hitachi, this will be used to prove the concept. With the Proof-of-Concept, both companies hope that they can find any issues or flaws with the system....