Three of a biggest banking companies in Japan have partnered bitFlyer, Japan’s biggest bitcoin sell to exam a viability of domestic income transfers over blockchain technology.
The banks detected that income transfers over a blockchain were only as fast, if not faster compared to normal income systems.
In a news currently by informal announcement Nikkei, few sum have been revealed, about a banks-led blockchain tests including a essential snipper of either or not a distributed bill used was, in fact, a bitcoin blockchain. It’s merely speculative, due to a impasse of bitFlyer, a Tokyo-based bitcoin sell user that recently saw monthly yen-bitcoin transacting volumes surpass 100 billion yen (approx. 1 billion USD) in Jul 2016.
Still, a news confirms that a proof-of-concept examination lasted a whole 9 months by Sep 2016, as a partial of a strong bid between a unnamed banks to try and rise blockchain solutions for interbank payments. The 3 banking giants sought a services of a Deloitte Tohmatsu accounting organisation to form a investigate forum before roping in the