The largest IT equipment and services provideer Fujitsu together with the Japan Association of Bankers (JBA) are developing a blockchain based platform for the financial services industry. This is reported on the official website of Fujitsu.
As noted, with the help of a new banks will be able to effectively develop applications for new financial services and test them quickly. Fujitsu's open source platform is based on Hyperledger Fabric technology.
JBA will provide its Collaborative Blockchain Platform to its member banks and other institutions as a testbed environment for applications employing blockchain technology, such as for settlement and funds transfer services, and identity and time-of-transaction authentication. JBA will support efforts toward practical implementation of these applications.
Fujitsu press release
In October, member banks will begin to develope their own applications for the platform, testing various ideas to determine the most viable of them. It is reported that the JBA intends to help financial institutions in the practical implementation of these applications.