IT giant NTT Data convenes 13 companies to form a chain chain alliance


nnnRecently, Japan’s largest IT services company NTT Data announced the formation of a new alliance, the study of block chain technology use cases. So far, the alliance has attracted 13 different companies from the financial, logistics and trade sectors. According to the IT giant, the project officially launched on August 30, is expected to continue until next spring.n
nnTranslation: Clovern
nRecently, Japan’s largest IT services company NTT Data announced the formation of a new alliance, the study of block chain technology use cases.n
nAccording to the company, the program has so far attracted 13 different companies from the financial, logistics and trade sectors.n
nAmong the more well-known participants include Mizuho Financial Group, Mitsu Sumitomo Insurance, Nippon Express and Sojitz Corporation. Bank of Tokyo-Mitsubishi, Toyota Tsusho and Kawasaki Kisen Corporation are also involved.n
nThe work was officially launched on August 30 and is expected to continue until next spring.n
nNTT Data may have just announced this new alliance project, but the company is no stranger to the block chain. The IT giants have completed pilot project related work for banks that want to test the letter of credit through the block chain and have worked with some insurance companies that want to explore the technology.n
nAnd the announcement of this time coincided with the positive growth of the Japanese chain chain, and even government agencies are also testing the use of smart contracts.n
nRecently, a number of Japanese financial institutions have successfully tested the use of distributed classification books to simplify the international trade agreement prototype.n

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