Financial group Mitsubish UFJ will use blockchain for contract management between IBM and the Bank of Tokyo, aiming to implement the system by the end of the fiscal year in 2017. The company is also working with a number of banks on using blockchain, including JPMorgan Chase & Co (JPM), Citigroup, UBS AG, Credit Suisse Group AG (CS), Deutsche Bank, Royal Bank of
Financial group Mitsubish UFJ will use blockchain for contract management between IBM and the Bank of Tokyo, aiming to implement the system by the end of the fiscal year in 2017. IBM and the Bank of Tokyo will pilot the blockchain system of automating business transactions between two separate companies.