Asian Banks to Showcase Blockchain Use Cases in Fintech Hub Singapore

A two-day conference will see notable Asian banking giants along with other participants and developers of blockchain technology outline their use cases for the innovation.

Singapore will host the ‘Blockchain for Finance Conference, Asia Pacific’ with a number of significant financial institutions participating in the event. The conference, held on June 20-21, will see banks, credit unions and building societies, among other companies from various industries to discuss and evaluate the use-cases and proof-of-concept prototypes of blockchain-based applications.

Hosted by the FinTech network, the event’s speakers include representatives from two of Japan’s ‘megabanks’ in the Mizuho Financial Group and the Bank of Tokyo-Mitsubishi UFJ (MUF); the director of research from banking blockchain consortium R3; the deputy director of Singapore’s central bank as well as several officials from financial institutions in Europe and beyond.

Japan’s Megabanks: Big on Blockchain

Tokyo-based MUFG could become the first bank in the world to issue its own digital currency based on blockchain technology, later this year. The financial institution first revealed plans for a digital currency in early 2016

Read more ... source: CryptoCoinsNews

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