Tag: Checks

The Bank of Tokyo-Mitsubishi and Hitachi to Test a Blockchain-Based System for Check Processing

The Bank of Tokyo-Mitsubishi UFJ and Hitachi are currently engaged in a collaboration to build and test a blockchain-based system that will process and validate checks payments. The institution and private companies –who focus on technology products and systems– have developed a prototype that will enter a test phase as soon as Monday, August 22. The effort will take place in Singapore, and it is the first time a Japanese-lead FinTech …
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