Japanese Giant Hitachi Tests Blockchain Tech for 150 Million Member Rewards Program
Hitachi, a major and decades-old Japanese conglomerate and multinational is implementing a blockchain platform onto its popular point management and rewards platform, PointInfinity. Japanese blockchain developer and bitcoin exchange Tech Bureau is providing ‘Mijin’ its private blockchain solution to Hitachi’s PointInfinity, which sees over 150 million members on its platform. The revelation was made in a recent blog post by Tech Bureau, confirming that the test had begun on February 9 this year. PointInfinity is a hugely successful point management solution adopted by merchants and service....
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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....
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....
Japan’s government is sending three blockchain startups to the US as part of a technology innovation program. The Japanese Ministry of Economy, Trade and Industry (METI) said earlier this month that employees from 55 startups would take part in the initiative. The “Project for a Bridge of Innovation between Silicon Valley and Japan” was first announced in mid-2015 as part of a bid to boost cooperation between Japanese and US tech firms. Reps from Keychain GK will spend time in Silicon Valley while those from Quoine and Soramitsu will visit New York as part of the program. The program lasts....
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....