KCN Mizuho bank tests blockchain trade finance
Channel: KCN News
Date: 2017-07-27

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Japan banks tests blockchain. According to CoinDesk, Mizuho banking group has released the results of a blockchain-platform trial focused on trade finance. Marubeni Corporation, a Japanese trading conglomerate, and domestic insurer Sompo Japan Nipponkoa Insurance Inc. took part in the testing experiment. During the testing of the blockchain digital platform, a full cycle of trading between divisions in Japan and Australia was conducted which included all trade-related processes, from issuing the letter of credit to delivering trade documents.

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