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Mizuho Financial Group is working with IBM Japan to ultimately conduct actual trade transactions based on blockchain





At the core of stakes; the ability to conduct trade transactions based on Hyperledger Fabric, a blockchain framework implementation and one of the Hyperledger projects hosted by The Linux Foundation.
I can observe that, the project exchanges digitized letters of credit for actual trade transactions between Japan and overseas clients. As the letter of credit is digitally shared among parties including importers, exporters and their banks, it is expected to simplify the associated document creation and exchange processes, which have traditionally been time- and paper-intensive. Also, the system will enable all parties to view the latest shipment status data, which can result in reduced trade transaction and processing costs.

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