Slide 7
Slide 7 text
• https://www.nikkei.com/article/DGXMZO41913930R00C19A3EA4000/
• Four regional banks, including Iwate Bank, have developed a financial services platform (base) using blockchain
(distributed ledger), the core technology of virtual currency. If other financial institutions participate in the future,
business partners will be able to use multiple lines of services on a single PC screen, leading to more efficient
operations.
• Four banks and others established a new company, the Fitting Hub (Morioka), in February. Iwate and IBM Japan have
jointly filed a patent for this platform. In addition to developing apps for smartphones, the company will work with
other financial institutions.
Joint platform based on regional finance
Employee User
Company Bank A
Bank B
Company C
Local
Authority
Financial services platform
Associated Services A
Associated Services B
Associated Services C
Blockchain
Common
Authentication