Sept 16 (Reuters) - IBM And Bank of Tokyo * Mitsubishi UFJ to use blockchain for contract management between the two companies * Says IBM and BTMU aim to manage agreements between two companies with system by end of fiscal year 2017 * Says bank plans to begin using it to manage contracts within their business in fiscal year 2017 * Two companies will begin by piloting blockchain to automate business transactions between two companies Source text for Eikon: Further company coverage:
Financial group Mitsubish UFJ will use blockchain for contract management between IBM and the Bank of Tokyo, aiming to implement the system by end of fiscal year 2017. IBM and the Bank of Tokyo will pilot the blockchain system of automating business transactions between two separate companies.