Japan Exchange Group Launch Their Own Blockchain Consortium
- The group will test a pilot based on the open source Hyperledger fabric, in cooperation with IBM Japan Ltd.
Tokyo Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, Inc. (TSE) has announced today that TSE, Osaka Exchange, Inc. (OSE) and Japan Securities Clearing Corporation (JSCC) will form a consortium of Japanese financial institutions to continue proof of concept (PoC) testing and discuss the possibility of applying Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology to capital market infrastructure.
Late last year, Japan Exchange Group, Inc. (JPX) established an internal research group to study the applicability of blockchain to capital market infrastructure. They concluded that blockchain has the potential to transform the capital market structure, but that further research and development is still needed before actually applying blockchain to the capital market infrastructure.
According to the announcement, the JPX group companies will cooperate with a wide range of stakeholders, such as financial institutions and blockchain engineers, to make steady progress in verifying the technology. They will also seek participation from a wide range of Japanese financial institutions to gather broad industrial expertise.
JPX
They say the group will also consider a structure for efficient information sharing between the blockchain engineer community and financial institutions through efforts such as training in blockchain technology by blockchain engineers and training in operational workflows by financial institutions.
TSE will create a test environment for PoC using Hyperledger fabric, the open source blockchain platform, in cooperation with IBM Japan Ltd.. PoC testing by the new consortium will start in spring 2017.
Tokyo Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, Inc. (TSE) has announced today that TSE, Osaka Exchange, Inc. (OSE) and Japan Securities Clearing Corporation (JSCC) will form a consortium of Japanese financial institutions to continue proof of concept (PoC) testing and discuss the possibility of applying Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology to capital market infrastructure.
Late last year, Japan Exchange Group, Inc. (JPX) established an internal research group to study the applicability of blockchain to capital market infrastructure. They concluded that blockchain has the potential to transform the capital market structure, but that further research and development is still needed before actually applying blockchain to the capital market infrastructure.
According to the announcement, the JPX group companies will cooperate with a wide range of stakeholders, such as financial institutions and blockchain engineers, to make steady progress in verifying the technology. They will also seek participation from a wide range of Japanese financial institutions to gather broad industrial expertise.
JPX
They say the group will also consider a structure for efficient information sharing between the blockchain engineer community and financial institutions through efforts such as training in blockchain technology by blockchain engineers and training in operational workflows by financial institutions.
TSE will create a test environment for PoC using Hyperledger fabric, the open source blockchain platform, in cooperation with IBM Japan Ltd.. PoC testing by the new consortium will start in spring 2017.