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MUFG and Chain working on blockchain proof-of-concept

Tuesday 12 April 2016 00:03 CET | News

Blockchain startup Chain has inked a new deal with Bank of Tokyo-Mitsubishi UFJ (MUFG).

The partnership will initially see the two companies working on a blockchain proof-of-concept focused on the exchange of promissory notes.

A promissory note is an agreement under which one party promises to pay another at a certain date and time (or on demand) at a specified price. Chain and MUFG will work on a platform for the digitized exchange of promissory notes

MUFG, one of a number of global banks working as part of the R3CEV-led blockchain consortium, has been conducting internal tests of the technology for some time.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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