Mizuho Bank And Fujitsu Successfully Complete Blockchain Trial
Blockchain technology is captivating audiences all over the world, and now that the financial sector has taken notice of this trend, new projects are being announced on a regular basis. One of the most recent projects is the collaboration between Fujitsu and Mizuho Bank, as both parties will experiment with the blockchain to make cross-border securities transactions settlements faster and cheaper. Mizuho Bank And Fujitsu Explore Blockchain Technology. Whenever a new project revolving around blockchain technology is announced, there is great cause for concern among digital currency....
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In an announcement today, Japan-based Mizuho Bank Ltd., and technology firm Fujitsu Labs Ltd., have revealed the successful operation trial of blockchain technology that saw tamper-proof results and same-day settlements of securities transactions. The two companies, following the announcement of a successful blockchain trail, revealed that they will develop an “exceptionally convenient financial system” that will see risks like price fluctuations negated from cross-border securities transactions. The 3-month trial between Dec 2015 and Feb 2016 saw Mizuho Bank, a leading custodian bank with....
Mizuho Financial Group announced this week it will pilot Ripple's distributed ledger technology for use in cross-currency settlement. The trial will find the Japan-based financial services firm and R3 member, along with SBI Holdings, using Ripple's payment solutions to explore how cross-border payments could be conducted between the financial institutions. R3 will act as the consultant on the project. Representatives from Ripple said the trial is expected to evolve to the point where real payment information, and eventually, real funds, are moved between the companies. The startup, which....
Fujitsu has been working on blockchain-based digital identity tools since 2019. Major financial institutions in Japan are moving into blockchain to streamline digital identity systems.Japan’s third-largest bank, Mizuho Bank, and local payment giant JCB are preparing to pilot a digital identity interoperability system based on blockchain technology. The new system will utilize a blockchain solution developed by Fujitsu Laboratories, Fujitsu announced on Oct. 15.The new joint initiative will allow the companies to verify mechanisms to securely transfer and link member ID information by....
Japanese IT giant Fujitsu has developed tools for securely sharing documents via blockchain, with an eye to bring commercial products to market next year. Detailed earlier this week, the project was co-developed by Fujitsu teams based in Japan and the US. The news comes months after Fujitsu joined the Linux Foundation-led Hyperledger blockchain project, with Yoshinobu Sawano, Fujitsu’s lead on fintech initiatives, sitting on its governing board. The company has also worked with firms like Japanese bank Mizuho on other blockchain applications. Now, Fujitsu is pitching what it calls....
Japanese banking group Mizuho has completed a blockchain test focused on cross-border securities settlement. The test used the Open Assets Protocol, a commonly deployed implementation of colored coins that provides an added layer of functionality to the bitcoin blockchain. Using Open Assets, bitcoins can be specially marked to represent other assets on the blockchain. According to an 8th March press release, the test included the participation of Japanese IT giant Fujitsu, including its research and development arm Fujitsu Laboratories. The participants said that the test, which took place....