[2017-10-11] Fujitsu and 3 largest banks are developing a money transfer system

[DowBit]

Fujitsu, a technology tycoon and three major banks have announced plans to pilot a peer-to-peer money transfer system based on blockchain technology.

Fujits together with Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group will test the blockchain platform on a cloud transferring funds between individuals, but also between mobile applications to increase the usability of the system.

https://dowbit.com/fujitsu-and-3-largest-banks-are-developing-a-money-transfer-system/

[okae]

Good luck to them... but i still "don't understand" how they will secure his network, if this is like blockchain technology they have will have several problems because there will be always people with more hash rate that them so... i'm sure that they call it something like blockchain technology but in the end it will have nothing to do with it...