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Japan Exchange Group: Commencement Of Proof Of Concept Testing For Blockchain Technology

Date 16/02/2016

Japan Exchange Group, Inc. (JPX) and IBM Japan have agreed to jointly begin conducting proof of concept (PoC) tests for blockchain, or distributed ledger, technology.

Blockchain technology is gaining attention worldwide as one of the most promising aspects of Fintech that could be applied to constructing shared infrastructure to provide high availability and reliability at low cost. However, there are issues to be resolved in the technology, and it will need to be continually verified and improved before actual application in financial business operations.

JPX will conduct PoC test in cooperation with IBM Japan to evaluate the limits and possibilities of the technology in markets that have low transaction data volume using the framework provided by the Hyperledger Project.