TOKYO, Oct. 21, 2016 /PRNewswire/ -- IBM (NYSE:
IBM) today announced SBI SECURITIES is testing the potential of
blockchain technology for a new type of bond trading system.
Working in collaboration with IBM, SBI SECURITIES intends to make
blockchain technology for securities operations commercially
available in the future.
SBI SECURITIES intends to verify the potential of applying
blockchain technology to bond trading operations, scrutinize
barriers or complexity in using the technology for its operations,
and prepare to apply the technology to actual operations. Using the
Hyperledger Fabric, SBI SECURITIES will test the:
- entire product cycle of registering a bond until its
reimbursement;
- improved efficiency and automation of operations by sharing
databases;
- possibility of reduced infrastructure costs by sharing among
the parties involved;
- possibility of substituting the existing operational
processes;
- evaluation of blockchain technology for securities operations
and systems.
"This test aims to scrutinize barriers or complexity for
practical use, develop a plan for deployment, and accumulate
knowledge through applying blockchain technology to our products,"
said Hiroyuki Ogawa, Executive
Officer, SBI SECURITIES. "Adopting the Hyperledger Fabric, an open
technology platform, and working together with IBM Japan, the
leader in this area, we expect that this verification test will
speed the rate of adoption of blockchain technology in the
financial trading area."
A recent IBM study "Blockchain Rewires Financial Markets:
Trailblazers Take the Lead1," found that Trailblazers,
or early adopters, identified equity and debt issuance as one of
four areas that should benefit most from the process improvements
introduced by blockchain technology. Asked where blockchains would
best open up new transformational business models, Trailblazers
named: equity and debt issuance (86 percent), clearing and
settlements (82 percent), and wholesale payments (82 percent). A
concentration of pilots in these areas is one indication that the
financial markets industry may have been attracted first to those
activities that may deliver significant business value whilst not
subject to great regulatory complexity.
"As an innovative technology, blockchain has the potential to
revolutionize ways businesses work together with their ecosystem of
trading partners. The technology establishes accountability and
transparency while streamlining business processes," said
Takeshi Fukuda, Director, IBM
Research - Tokyo. "IBM is driving
an open source, open standards blockchain fabric and community
through the Hyperledger Project, and leverages this technology to
transform businesses in various industries. We are delighted to
work with SBI SECURITIES to create innovative solutions for
financial industry. "
IBM Japan will support SBI SECURITIES by providing access to its
global resources including IBM Bluemix Garage for Blockchain in
Tokyo, IBM Consulting Services and
IBM Research expertise in Japan.
IBM is rapidly expanding its blockchain consulting services and
capabilities and actively working with clients to understand what
it takes to make blockchain ready for business. Through its open
source contributions and resources for blockchain software
developers, IBM is advancing the science of blockchain, helping to
remove complexity, and making it more accessible and open.
Financial services, supply chains, IoT, risk management, digital
rights management and healthcare are some of the areas that are
poised for dramatic change using blockchain networks.
For more information about IBM Blockchain, visit:
http://www.ibm.com/blockchain/.
For more information about SBI SECURITIES, visit
https://www.sbisec.co.jp/.
1. "Blockchain Rewires Financial Markets: Trailblazers Take the
Lead," IBM Institute of Business Value (IBV), September 2016, a survey of 200 global financial
markets institutions, ibm.biz/blockchainfm
Contact:
|
|
Mamoru
Kobayashi
|
Francine U.
Fiano
|
IBM Media
Relations
|
IBM Media
Relations
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+81-50-3149-2095
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1-914-766-4434
|
kmamoru@jp.ibm.com
|
fufiano@us.ibm.com
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SOURCE IBM