Collaborative Blockchain Platform
A collaborative, cooperative field trial environment, established by JBA with the goal of generating and sharing knowledge relating to blockchain and distributed ledger technology.
 Board of directors
Please see https://www.zengin-net.jp/company/pdf/directors.pdf (Japanese) for more information on the board of directors.
 Dedicated digital currency for inter-bank settlement
This currency (fixed at 1 unit = 1 yen), will be issued to participating banks by Zengin - net, a funds clearing institution. Because RTGS-style interbank settlements will be handled through the use of this digital currency, other funds clearance will not be necessary.
 Real time gross settlement (RTGS)
A system in which individual payment instructions are settled in gross, one by one. Leads to reduced payment risk because unsettled payment balances do not build up.
 P2P money transfer platform
Fujitsu to Conduct Blockchain Field Trial of Money Transfer Service with Three Major Japanese Banks (press release, October 10, 2017) http://www.fujitsu.com/global/about/resources/news/press-releases/2017/1010-03.html P2P is a contraction of “peer to peer.”
The clearing of claims and debts between banks, generated by money transfer transactions to other banks, via interbank payments.
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 140,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.1 trillion yen (US $39 billion) for the fiscal year ended March 31, 2018. For more information, please see www.fujitsu.com.
All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 29 October, 2018
Company: Fujitsu Limited