IBM, Japan’s Largest Exchange Plan Joint Testing Blockchain Tech for Low Transaction Markets
IBM will work with JPX to jointly evaluate how the IBM open source blockchain code, donated to the Linux Foundation’s Hyperledger Project, could be used for trading and settlement in low liquidity markets. As the Hyperledger Project evolves, the joint IBM and JPX evaluation work will transition to use code produced by that effort, according to an IBM statement.
Atsushi Santo, Head of New Business Development, Japan Exchange Group, commented on the partnership:
“Blockchain is one of the emerging technologies that is being closely watched by financial communities throughout the world,” said”We plan to explore blockchain fabric to evaluate technical limitations and the potential of blockchain for post-trading service for low volume traffic by fully utilizing IBM global resources including IBM Research, Tokyo.”
The blockchain verification tests on JSX markets will be guided by Guided by IBM Global Business Services and look at adopting a framework based on the open source blockchain fabric.