IBM 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.
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.