Japanese firms Mitsubishi UFJ Financial Group (MUFG) and NTT Data announced yesterday the launch of a blockchain proof-of-concept aimed to foster trade between Singapore and Japan.
With participation from Singapore’s National Trade Platform (NTP), the cross-border pilot is being designed to ease international trade flows in a “secure and transparent” way by connecting digital platforms in the two countries using blockchain.
According to a press release, the collaboration will see the partners utilize an API that will connect an NTT Data-developed prototype trade system with the NTP, as well as collaborate on tackling technical issues in cross-border trade.
Toshi Fujiwara, NTT DATA’s director and executive vice president stated: […]
Read Full: MUFG, NTT Data Trial Blockchain for Cross-Border Trade
