Announced by SBI Holdings, Fukui Bank joins the working group, named “Consortium for Considering Blockchain Technology to Centrally Provide Domestic and Foreign Exchange Services” that aims to develop a blockchain-based remittance infrastructure.
The consortium’s latest announcement adds that discussions are currently underway toward the technical and operational objectives for blockchain-based foreign exchange in Japan. A proof-of-concept experiment is expected to be held in March 2017 before commercial use among participating banks.
Meanwhile, the remittance-centric consortium is currently accepting new applicants for participation in the working group, with further applicants expected to join in the future.
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