IBM is working with a Japanese securities firm on a new blockchain pilot focused on developing the foundations for a next-generation bond trading system.
IBM and SBI Securities, a subsidiary of SBI Holdings, are looking to create new mechanisms for trading bonds, using IBM’s Hyperledger blockchain as a basis for the trials. The goal of the collaboration between SBI and IBM is to test commercially viable platforms for blockchain-based bond trading.
Hiroyuki Ogawa, chief executive for SBI Securities, said in a statement:
SBI Holdings, through its subsidiary SBI Investments, has acquired stakes in firms like Japanese bitcoin exchange bitFlyer. SBI Holdings also took part in Ripple’s $55m Series B funding round, announced last month, and later partnered with Ripple to launch a new business aimed at pitching the startup’s technology to markets in Asia.
The project is the latest trial of its kind announced by IBM, which has been working with a variety of international firms to test applications of the technology. Earlier this week, IBM announced that it is working with Walmart to test a supply chain application focused on China's huge pork market.
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