Japanese Firms Test Blockchain for E-Check Management
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....
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