IBM creates a blockchain platform for transactions with digital currencies

At the end of June, 2017 the financial services provider of AEON Financial Service announced plans to implement the blockchain platform developed together with the American IT corporation IBM.

The new solution is focused on transactions with cryptocurrencies between legal entities and physical persons and also on development of programs of a customer loyalty and management systems for transactions.

IBM creates a blockchain platform for transactions with digital currencies for the company [AEON Financial Service

Based on agreements and transactions, AEON Financial Service works on creation of the platform which will offer a broad spectrum of financial services, such as banking services, credits and microfinance for clients in Japan and 11 more countries of Asia — the managing director for the global business strategy of AEON Financial Service says to Masaaki Mangetsu. — We see great opportunities in a blockchain which is the cornerstone of this platform, and we will aim to use advantages of this technology to quality improvement of services in regions with an undeveloped financial system.

At the heart of a blockchain platform which is created by AEON Financial Service and IBM the Hyperledger Fabric technology lies. The first stage of pilot testing of a new product will begin in July, 2017.

Within the agreement the Japanese representative office of IBM will provide to AEON Financial Service technical support at implementation of the platform in the financial sector and the services connected with it. IBM notes that the new solution will increase security and convenience of financial services.^[1]

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