Nearly, five Japanese banks have partnered to release blockchain associated financial facilities infrastructure, the finance podium admitted in a press release on March 1, Friday.

1. Japanese Banks Come Together to Introduce
Blockchain Finance Podium Facilities
Nearly, five Japanese banks have partnered to release blockchain
associated financial facilities infrastructure, the finance podium
admitted in a press release on March 1, Friday.
Yamanashi Chuo Bank, Bank of Iwate, Akita Bank Aomori Bank, and
Bank of Yokohama, will function together on the podium, dubbed
“Fitting Hub.” Also, the first facility accessible on the podium —
electronic delivery facility, should release in April, the press release
states.
Earlier information had provided a timeline for testing to begin in July
2018 and full placement within a year, Nikkei as local news agency
issued in during January last year, when the collaboration first raised.

2. Aiming a range of financial operations for productivity developments,
the banks will leverage IBM’s skill during the growth period.
Additionally, the IT giant has created a major standing in the enterprise
blockchain arena via the practice of its devoted IBM Blockchain suite of
facilities.
“With the electronic delivery service that will be launched this time, it is
possible to receive and manage form data from multiple financial
institutions and companies on one screen,” the press release describes,
enduring:
“For financial institutions and business operators who provide services,
such joint service provision can make the system inexpensive compared
to separate systems, as well as greatly reduce postage and mailing
costs.”
Also Cointelegraph issued, the Japanese banking sector is planning
major integrative measures in both cryptocurrency and blockchain this
year. The previous month, Mizuho proclaimed it would release its own
cryptocurrency podium and even launch its own stablecoin.
During the same course Daiwa, the country’s second-biggest securities
brokerage, admitted it had finished a trial of a blockchain post-deal
handling solution.
As per Fitting Hub’s website, the new interbank scheme will similarly
include financial verification and clearance functionality.
Source: https://xnews.io/japanese-banks-come-together-to-introduce-
blockchain-finance-podium-facilities/