Blockchain-Based Stock Exchange in Japan by 2022

3AI February 2, 2021

The exchange reportedly planned by SBI and SMFG is expected to be the first of its kind in Japan.

SBI Holdings has reportedly partnered with Sumitomo Mitsui Financial Group (SMFG) to launch a digital stock exchange slated for spring 2022.

SBI and SMFG are expected to launch the platform in Osaka to compete against the Tokyo Stock Exchange (TSE), according to a Nikkei report Thursday.
The exchange is expected to be Japan’s first such stock exchange, allowing investors to trade digital securities using blockchain technology.
In March, the companies will set up an operator called the Osaka Digital Exchange (ODX), with SBI to own 60%, and SMFG 40%, per the report.
SBI and SMFG, which both have brokerage arms, will put in place a governance structure to prevent any conflict of interest.
The news comes after the TSE was criticized for a major hardware glitch in September caused the worst outage ever for the world’s third-largest equity market.
The ODX is expected to start trading digital securities in 2023.

Picture from freepik.com

Upskilling into AI

Featured Article: Author: Puneeth B C, Computer Vision Specialist, Airbus India AI has penetrated our lives in a way that sometimes we don’t even realize. Devices and applications we use, are becoming smarter every day. An AI system knows more than what we know of ourselves. It is faster and more accurate than us in […]

Improving Customer Experience – AI/ML Driven Issue Resolution

Author: Ashish Vashishta, VP – Technology, eClerx Customers across industries typically face issues with their purchased products/services. A troubleshooting system which can use latest AIML technologies to resolve these issues faster and more effectively can lead to a much better customer experience. As an example, a customer may have purchased a bundled product offering – […]

AI revolution in SMB-Challenges and Way Forward

Featured Article: Author: Raj Sadasivam, Jana Analysis As most of us would agree, we are on the cusp of the third major revolution in the history of mankind. The invention of letter press in the 15th century by Gutenberg was the first and the internet revolution in the 1990s being the second. Now the world […]

Using OpenAI GPT-3 to write E-Commerce Product Descriptions

Featured Article: Author: Raj Bhatt, CEO, Knowledge Foundry The ProblemWriting e-commerce product descriptions has traditionally been a manual process. This activity necessitates a substantial amount of creative effort given the hundreds of new products produced by each brand/marketplace each year. While large companies use copywriters to create these product descriptions, many smaller companies opt for […]

India's largest platform and marketplace for GCC & AI leaders and professionals

3AI Digital Library