In a continuation of the BlackKain trial, Japan's largest bank is working with IBM.Sumitomo Mitsui Trust Bank Limited has today announced that it is investigating applications related to money, real estate and property purchases.Sumitmo Mitsui, a member of Trust Bank Robi Blockchain Consortium, joined this group last December. Earlier this year, the bank announced that it is partnering with some Japanese companies, including the Kiski University based in Osaka, the Appliance Research of Technology. Today's announcement proposes that the study inspired the bank to create prototype as well as IBM Japan and domestic IT firms NC Corporation.The bank said in a statement:
"The experiments work to assess the effectiveness of the use of revolutionary IT technologies for evaluation of probability and the dramatic improvement or consolidation of existing services and operations."
The bank further said that it will work with a joint venture between SBI Holdings and Replus in the Border Remittance Examination using technology. Sumitmo Mitsui Trust Bank has said that in the long run, "It is expected to create new remittance / settlement services using blockbay technology".
Congratulations @steemitjony! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @steemitjony! You received a personal award!
Happy Birthday! - You are on the Steem blockchain for 1 year!
Click here to view your Board
Congratulations @steemitjony! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!