Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Polish blockchain technology to be implemented across Japan and Southeast Asia
Polish blockchain technology to be implemented across Japan and Southeast Asia

Published : , on

Billon and Mitsui Knowledge Industry extend partnership to offer blockchain based document governance

Billon, the company that has civilized blockchain, is extending its partnership agreement with Mitsui Knowledge Industry (MKI), the Japan-headquartered IT services giant, to deploy blockchain-based solutions throughout Asia.

In the expanded agreement, MKI will offer Billon’s document governance solution in addition to the e-money transaction solution across the region.

Billon’s flagship solution for trusted document governance provides clarity on the digital identity of users based on a blockchain protocol, with full protection against any changes in the document. The Japanese market is particularly interested in Billon’s electronic delivery confirmation services and remote online agreements.

“We are extending our agreement with Billon to offer customers across Japan and Southeast Asia a wealth of blockchain solutions; now including storing and managing access to confidential documents, as well as the ability to perform e-money transactions. We plan to link together Proof-of-Concept deployments with early-stage customers to ensure a smooth transition and fact-finding process for potential blockchain projects,” says Takumi Onodera, Deputy General Manager of MKI.

“MKI’s years of experience and enormous network of contacts will be pivotal in the implementation of blockchain solutions across Japan and Southeast Asia. We have a strategic partnership with the team at MKI and look forward to working even closer as we investigate use cases for the technology,” said Marek Marczuk, Managing Director of Business Development and Partnerships at Billon.

MKI’s decision to offer its customers Billon’s data governance solution comes after the initial agreement to allow for the immediate and direct transfer of money in the form of digital data using the company’s civilized blockchain. Billon does not deal with cryptocurrencies, instead, it allows real currency to be converted into e-money and transacted over the blockchain. Given the decision by Japanese authorities to introduce open banking regulatory changes with the next two years, it is even more important that MKI’s customers can find a way of transparently accessing bank accounts and data, with the intention of encouraging a higher level of cashless trading in the future. Currently, data from the Japanese Ministry of Economy, Trade and Industry shows that only 18 percent of payments made in Japan are cashless.

“The Japanese financial and insurance sector considers blockchain to be the solution to optimize and modernize effective communication with their clients,” says Andrzej Horoszczak, CEO and founder of Billon. “Japanese companies attach particular importance to electronic delivery services with active confirmation and remote online agreements. The issue of cashless payments is also significant, because the Japanese market may become one of the most promising for companies offering such solutions in the coming years.”

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post