Fujitsu cooperates with the bankers’ association to carry out the financial service block chain technology pilot


nnThe Bankers Association of Japan will provide a ‘block-chain cooperation platform’ for member banks and other institutions as a supportive environment for block settlement and fund transfer services testing of these institutions. To this end, the association worked with Fujitsu, a Japanese information technology equipment and service provider, to test the availability of block chain technology in financial services transactions. Fujitsu will provide a block-chain platform based on open source super-bundle material.n
nTranslation: Annie_Xun
Fujitsu, a Japanese information technology equipment and service provider, signed a cooperation agreement with the JBA and the Bank Bankers Association to jointly test the availability of block chain technology in financial services transactions.n
Fujitsu will provide a chain-chain platform based on open-source Hyperledger’s fabric code, which banks can use in different business cases.n
In October 2017, JBA member banks began to develop block-chain applications. After the trial run, determine the feasibility of commercial applications.n
JBA says block-chain testing includes settlement and money transfer services.n
n”JBA will provide a” Collaborative Blockchain Platform “for member banks and other organizations as a test environment for block-chain technology applications such as settlement and fund transfer services, identity and transaction time validation.”n
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Introduction of the Japanese Bankers Associationn
JBA was established to assess and evaluate the effectiveness of the payment system, giving banks a variety of issues such as how to adopt new technologies to improve their services. Members of the association include banks, small banking services and bank holding institutions.n
In addition to JBA members, other banks are also conducting block-chain technology testing as a basis for their financial services.n
Including Ripple Labs and SBI Ripple Asia, a joint venture between Japanese financial services firm SBI. In the company’s September statement, the end of 2017 will begin testing the block-based chain transfer system, participating banks from Japan and South Korea.n

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