Japan’s Largest Bank is Testing Digitized Checks on a Blockchain in Singapore

The Bank of Tokyo-Mitsubishi UFJ, Japan’s largest bank, has chosen blockchain technology as the core infrastructure toward testing the digitization of checks using Singapore’s Fintech-friendly regulatory sandbox installed by the country’s central bank, the Monetary Authority of Singapore. First announced [PDF] last year, the Proof of Concept (PoC) testing is the result of a joint … Read more