Chain Partners With Mitsubishi UFJ Financial Group On Blockchain Trial

  San Francisco-based blockchain solutions provider Chain, has announced a partnership with Mitsubishi UFJ Financial Group (MUFG), one of the largest Japanese financial institutions. The release states that Chain will work with MUFG on implementing a proof of concept blockchain-based legal documents platform, where corporate clients and businesses can issue and trade Promissory Notes. With this partnership, MUFG is looking to streamline the existing market for promissory notes by removing …
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Tokyo-Mitsubishi UFJ Bank Creates Own Digital Currency

The Tokyo-Mitsubishi UFJ Bank (MUFG) is developing its own digital currency. According to an Asahi Shimbun article, bank officials named the cryptocurrency “MUFG coin”. The project started last fall and the MUFG cryptocurrency will not rely on a blockchain powered by miners, but on a P2P system that uses smartphones to verify the existence of digital tokens. The MUFG coin project was developed to show that blockchain-based systems could result …
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