IBM Shakes on Blockchain with Japan’s Biggest Bank
Technology giant IBM has signed a contract with the Bank of Tokyo-Mitsubishi, Japan’s largest bank, to develop and implement a blockchain based on smart contracts among business entities. The Hyperledger Project, an open-source blockchain platform led by the Linux Foundation will see its deployment in a new partnership between IBM and the Bank of Tokyo-Mitsubishi UFJ (BMTU). The two companies will build on a prototype that sees smart contracts on a blockchain used in multi-party business transactions to improve accountability and efficiency of service level agreements. An initial pilot....
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