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Fintech startup, Dragonfly Fintech (DF), has signed a contract with the leading Japanese think tank and systems integrator Nomura Research Institute (NRI) in conjunction with the Japanese SBI Sumishin Net Bank. The purpose of the contract is to assess a core component of DF's blockchain technology for financial use. The pilot solution with NRI and SBI Sumishin Net Bank will mark a new milestone for blockchain technology by using the DF blockchain technology to provide practical financial solutions. This pilot will position DF, NRI, and SBI Sumishin Net Bank as global leaders in using innovative blockchain technology.
DF has been working to provide practical solutions for banks, under the framework of its Automated Clearing and Electronic Settlement (ACES) initiative. ACES aims to create a low-cost next-generation electronic monetary system for banks, and this includes providing tools to meet compliance requirements. As part of ACES, DF has been developing advanced blockchain -- distributed ledger -- solutions for financial institutions based on its patent-pending business method, and Tech Bureau's Mijin high-throughput NEM blockchain engine. Developed from the ground up, the NEM blockchain features tools to easily create digital assets and manage account security using multistage approvals. Additionally, the DF system provides a robust financial transaction recording solution with high availability and security.
