IBM, Banks Complete PoC of Blockchain-Based Shared KYC

Announcements, Blockchain, Innovation | November 16, 2017 By:

Tech giant IBM has successfully completed the Phase I proof-of-concept (PoC) of its Shared Corporate Know-Your-Customer (KYC) project. The PoC was conducted in partnership with Deutsche Bank, HSBC, Mitsubishi UFJ Financial Group (MUFG) and the Treasuries of Cargill, IBM.

IBM said the PoC demonstrated how the blockchain-based IBM Shared KYC platform provides a secure,

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Fujitsu Develops New Technology to Connect Multiple Blockchains

Announcements, Blockchain, Innovation | November 16, 2017 By:

Fujitsu Laboratories has developed an extension of smart contract technology that can safely execute exchanges and payments in different digital currencies.

Called ConnectionChain, the technology records the series of related transactions on each chain in a dedicated blockchain, or a “connection-type chain,” to link a cryptocurrency exchange into a single transaction process.

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