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

Blockchain and IoT gives end-to-end visibility to Stakeholders in a Supply Chain

While IoT sensors help track the movement and quality of products, blockchain’s distributed ledger gives multiple entities joint control over shared information . Covid concentrated attention on supply chains like never before as the pandemic caused massive disruptions. Companies started looking deeper into the roots of their supplies, going further back than their immediate vendors. […]

Practical insights and best practices for Fine Tuned LLM based use cases for Governed Enterprises

Featured Article: Author: Aditya Khandekar, President, Corridor Platforms India Objective There has been a lot of hype around Large Language Models (LLM) and their potential, but harnessing them to build real-world enterprise grade use cases is hard. This blog highlights key best practices and insights for building LLM powered use cases with a working example. […]

2020 marked a “turning point” for Cybersecurity in Australia

Australians are on high alert about the threat of cyber attacks following Prime Minister Scott Morrison’s warning in June that Australia was targeted by a sophisticated “state-based” cyber-attack. It was, according to the Australian Cyber Security Centre (ACSC), the most significant and coordinated cyber-targeting against Australian institutions to date. The Prime Minister said while such […]

Property Registration in Karnataka to use Blockchain Technology

Property registration in Karnataka is all set to become more secure and hassle-free, with the state government developing a system based on blockchain technology for online property documentation. The new system, developed in collaboration with IIT-Kanpur, promises an immutable electronic storage of property data through blockchain. In other words, data once stored cannot be changed, […]

India's largest platform and marketplace for GCCs, AI & Analytics leaders & professionals

3AI Digital Library