Mizuho Financial Group and IBM have announced a test of the potential of blockchain for use in settlements with virtual currency. By doing this, Mizuho hopes to explore how payments can be instantaneously swapped, potentially leading to new financial services based on blockchain technology. The pilot project uses the open source code IBM contributed to the Hyperledger Project.
Masahiko Katou, Senior Technical Officer of Mizuho Financial Group, remarked: “Mizuho Financial Group has a history of adopting new technologies to continuously improve customer services. In an era of technology transformation, Mizuho is testing blockchain, Watson, and other technologies to deliver high quality and more efficient customer services.”