February 2020
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2020.02.18
Testing of automated processing for digital currency issued on blockchain
Testing of automated processing for digital currency issued on blockchain: A currency with high compatibility for blockchain transactions KDDI, au Financial Holdings, WebMoney and DeCurret will conduct a joint-project between February 18, 2020 and February 28, 2020 to test the digital currency to be issued on a blockchain. The joint-project is aiming to identify and resolve issues for commercialization, by issuing digital currency on blockchain to verify the business processes concerning issuance, distribution and disposal, and the settlement process using smart contracts (Note 1). ■ Background of the joint-project Many projects using the blockchain have commenced recently, creating the need for settlement methods that are highly compatible with blockchain business transactions. KDDI, au Financial Holdings, and WebMoney are promoting the smart money concept (Note 2), and have been conducting research on new services utilizing FinTech. KDDI invested in DeCurret in July 2019 (Note 3), and the joint-project is an effort
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