Mizuho and IBM began testing a blockchain

On June 28, 2016 the companies Mizuho Financial Group also IBM announced testing plans of blockchain technologies for carrying out payments in cryptocurrency.

Project Tasks

According to the statement of partners, implementation the blockchain will give the chance of Mizuho to investigate the potential of instant exchange of payments by means of what financial services on the basis of this technology can be created afterwards. The pilot project is created based on an open source code to which IBM opened access within Hyperledger Project.

Mizuho Financial Group, (2014)

Mizuho Financial Group has good experience of implementation of the new technologies increasing the level of client service. Today, during an era of technology transformation, Mizuho tests a blockchain, Watson and other technologies to provide high quality and efficiency of service. Masakhiko Katu, senior technical lead of Mizuho Financial Group

Mizuho works with recently opened IBM Bluemix Garage center to Tokyo which provides IBM Blockchain services (including, development of blockchains-applications on the Bluemix platform) and a cloud platform of IBM, helps to reveal the best projects of use of a blockchain at the enterprises in the different industries. Relying on global insights and experience of system development for Mizuho of FG, IBM will help bank to transform processes of design and development of business applications using a blockchain.

Mizuho Financial Group is the lead financial institution of the country which is known the experience of implementation of advanced technologies, for example IBM Watson. Our company understands how to use a blockchain and IBM Cloud as technology base for transformation of interaction of the enterprises with an ecosystem of trading partners. We are proud that we support the important initiatives of Mizuho Financial Group. Masao Sanbe, the managing director for industrial sales of IBM in Japan