Mizuho Financial Group Partners with IBM in Blockchain Venture
Private blockchains are making their way into the financial sector. Mizuho Financial Group and IBM are working on using this technology for settlement through virtual currency. The name Mizuho Financial Group is becoming synonymous with blockchain in the financial sector these days. In February of 2016, the financial institution partnered with Cognizant....
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Mizuho Financial Group is one of the front runners in Japan when it comes to embracing blockchain technology. Especially financial groups stand to gain a lot from using this technology in the future, and the decision by Mizuho to explore distributed ledgers is a vote of confidence for the digital currency ecosystem. Blockchain technology is gaining more positive attention from different business types all over the world. Whereas this technology will first and foremost be used in the financial sector, other users cases are being discovered on a regular basis. Mizuho Financial Group, a major....
Mizuho Financial to start trials of its new blockchain based Ripple application for cross-currency settlements. Financial service company Mizuho Financial Group (NYSE:MFG) has confirmed partnering with Ripple Labs to try out the latter’s blockchain-based solution for cross-currency settlements. The Japan-based finance giant, which is also a part of the R3 led international banking consortium, plans to utilize Ripple Protocol’s proprietary blockchain protocol – known as Ripple – to implement speedy and cheap cross-border settlements. SBI Holdings (TYO:8473), another Japanese financial....
Japanese banking giant Mizuho Financial Group and technology firm IBM have announced a partnership to test blockchain technology used in settlements with virtual currencies, using code from the Linux Foundation-led Hyperledger project. Mizuho Financial Group, a prominent Japanese banking group that is notable for its blockchain-based endeavors with previous efforts such as a partnership with consulting firm Cognizant to build blockchain solutions for record keeping has revealed a new blockchain project with tech giant IBM. In a recent announcement, the Japanese financial group revealed a....
The Mizuho Financial Group, one of Japan’s largest financial services companies and among the three Japanese ‘megabanks’, has announced the development of a new blockchain application after completing trials of its custom digital currency and cross-border document sharing. The purpose of the trail was to test if a business process, built on a traditional centralized system, could be devised to function in a decentralized system at lower costs. Japan’s Mizuho first partnered US-based IT solutions provider and consultant Cognizant this time last year with the aim to build a blockchain....
Mizuho Financial has announced it is seeking to develop a blockchain application for internal recordkeeping. The move, according to Mizuho, marks the “beginning of a strategic program” that will find the Japan-based financial services firm working with IT consulting firm Cognizant to leverage the technology to cut costs and improve its internal processes. As part of the deal, Cognizant will develop the blockchain solution, with the goal of enabling companies within the Mizuho group to sign and exchange sensitive documents with greater security and transparency. The project will initially....