San Francisco-based blockchain solutions provider Chain, has announced a partnership with Mitsubishi UFJ Financial Group (MUFG), one of the largest Japanese financial institutions.
The release states that Chain will work with MUFG on implementing a proof of concept blockchain-based legal documents platform, where corporate clients and businesses can issue and trade Promissory Notes.
With this partnership, MUFG is looking to streamline the existing market for promissory notes by removing counterparty risk for market participants, and to also provide more transparency for regulators.
http://themerkle.com/chain-partners-with-mitsubishi-ufj-financial-group-on-blockchain-trial/
