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

Transforming Enterprises with a Generative AI Strategy

Featured Article: Author: Vijay Morampudi, Director, Wavelabs Technologies Generative AI has the potential to revolutionize industries as a whole. As a leader, it is crucial tocreate an effective generative AI strategy for your enterprise to stay competitive and take advantageof the technological advancementsThis article presents seven practical steps that can be followed to create a […]

AI to outmanoeuvre human drivers

As driverless cars become a mainstream reality, AI is aiding it greatly to remove all barriers to autonomous function and humanization of its operation. The biggest challenge self-driving cars will have to overcome on the road is being able to react to the randomness of traffic flow, other drivers, and the fact that no two […]

The virtuous cycle of Digital Transformation, Improved CX and AI/ Analytics

Featured Article: Author: Mahadevann Iyerr, Co-founder & CEO, MAAVRUS Today customers are inundated with a plethora of choices and so it is very easy for them to shop around across multiple products & retailers. Also given the level of increasing clutter around communication and the proliferation of new products and service offerings, new customer acquisition […]

Towards a Responsible Future – Decoding the Importance of Ethics in AI

Featured Article by Anusha Thakur The conjunction of the obtainability of vast amounts of stretch, speed, and big data for the development of machine learning algorithms and cloud computing platforms has led to a varied range of innovations in Artificial Intelligence (AI). In an era defined by state-of-the-art technologies, the role of AI systems, and […]

India's largest platform and marketplace for GCCs & AI

3AI Digital Library