Mizuho Bank and Fijitsu have conducted a trial using blockchain technology to reduce the processing time for cross-border securities transactions from three to March 2016 settlement, which decreases risks such as price fluctuations. The companies will use the results to consider implementing the technology for this purpose from same-day, with a view to creating a convenient, tamper-proof and faster financial system in the future.
Mizuho Bank and Fijitsu have conducted a trial using blockchain technology to reduce the processing time for cross-border securities transactions from three to same-day settlement, which decreases risks such as price fluctuations. The companies will use the results to consider implementing the technology for this purpose from March 2016, with a view to creating a convenient, tamper-proof and faster financial system in the future.