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SBI Securities teams up with IBM to test blockchain for bond trading platform

Monday, October 24, 2016 4:19 AM UTC

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SBI Securities, a unit of Japan-based global financial services company SBI Holdings, has collaborated with IBM to test the potential of blockchain technology for a new type of bond trading system and aims to make blockchain technology for securities operations commercially available in the future.

The online securities company is using Hyperledger Fabric for assessing blockchain potential. 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.

In particular, SBI Securities will focus on testing 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; and 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."

According to the official release, 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 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”, said Takeshi Fukuda, Director, IBM Research - Tokyo.

Earlier in February, SBI Holdings struck a multinational deal with Ripple, distributed ledger technology provider, to create a new company ‘SBI Ripple Asia’, in order to meet growing demand for Ripple solutions across Asia. More recently, it announced plans about opening a fintech research facility in a move to promote fintech development.

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BOJ offers to lend Y 7.6073 trln of JGBs on spot basis through 11/20 as a secondary source of JGBs (Offer in the morning)

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THAI Q2 GDP +4.6 PCT YR/YR (VS +4.6 PCT STATED EARLIER) - PLANNING AGENCY

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Economics Monitor

November 19 02:30 UTC Released

THGDP Growth YY

Actual

3.3 %

Forecast

4.2 %

4.6 %

November 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-449.3 Bln JPY

Forecast

-70 Bln JPY

139.6 Bln JPY

January 31 00:00 UTC 420677420677m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 420677420677m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 432497432497m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 420677420677m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 432497432497m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 420677420677m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 420677420677m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 420677420677m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

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