Home / Crypto News / Fujitsu and Ginkgo net implemented 'demonstration experiments' between banks utilizing block chains

Fujitsu and Ginkgo net implemented 'demonstration experiments' between banks utilizing block chains

Fujitsu Limited and the National Bank Funds Settlement Network (Total Internet Net) announced that they will jointly implement demonstration experiments on interbank settlement using block chains.

As a member bank, Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Resona Bank, Joyo Bank, Fukuoka Bank, West Japan Bank, Sumitomo Mitsui Trust Bank, Keiyo Bank participate .

Fujitsu develops the experimental environment “block chain cooperation platform” of block chain technology that the general bank corporation National Bankers Association (JBA) creates.

In the demonstration experiment, we confirm whether value transfer by digital currency using block chain technology is useful for immediate settlement of small transactions in interbank funds settlement.

The digital currency (1 money = 1 yen fixed) issued by the whole silver net follows the flow of issue, distribution and collection. Based on the application, it is issued to the participating banks, distributed through the value transfer of interbank settlement, and collected based on the application.

In addition, in the transfer of value of digital currency, Fujitsu’s platform “inter-personal remittance service utilizing block chain technology” which was carried out last year was used.

Source: http: //pr.fujitsu.com/jp/news/2018/10/29-1a.jpg

Article Source: Demonstration experiment of new interbank settlement using block chain technology

Author: NT 【Coin Desk News】 – Source Post: https://crypto-times.jp/blockchain-bank-use/

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