Japanese Banks to Test Blockchain Interbank Settlement

[kreslik.news]

The blockchain revolutioncontinues to rotate its slow-spinning wheels. On Monday, nine different Japanese banks announced that they would testingthe technology to see if they can use it for interbank settlement.

The field trial will see the Japanese Payments Clearing Network (Zengin-net) use a dedicated digital currency and a blockchain-based platform for interbank settlement.

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A statement released on Monday by Fujitsu, a technology company, indicates that it will be building the new interbank settlement platform.

In doing this, it will be using a peer-to-peer (P2P) money transfer ... (read more)