Japanese payments firm JCB and Mizuho Bank test blockchain-based ID

Cointelegraph

Published Oct 19, 2020 08:10AM ET

Updated Oct 19, 2020 10:00AM ET

Major financial institutions in Japan are moving into blockchain to streamline digital identity systems.

Japan’s third-largest bank, Mizuho Bank, and local payment giant JCB are preparing to pilot a digital identity interoperability system based on blockchain technology. The new system will utilize a blockchain solution developed by Fujitsu Laboratories, Fujitsu announced on Oct. 15.

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