SBI SECURITIES and IBM Test Blockchain for Bond Trading
IBM has announced that SBI SECURITIES is testing the potential of blockchain technology for a new type of bond trading system. Working in collaboration with IBM, SBI SECURITIES intends to make blockchain technology for securities operations commercially available in the future.
SBI SECURITIES intends to verify the potential of applying blockchain technology to bond trading operations, scrutinize barriers or complexity in using the technology for its operations, and prepare to apply the technology to actual operations. Using the Hyperledger Fabric, SBI SECURITIES will test the product cycle of registering a bond until its reimbursement.