IBM and SBI test blockchain bond trading, creating new mechanism for trading bonds

Rage Review : IBM has tested the application of blockchain technology with many international companies. Following last week's announcement that IBM and Walmart would cooperate to test the supply chain application of the Chinese meat market, IBM has cooperated with Japanese securities company SBI Securities to use IBM's Hyperledger blockchain as an experimental basis to create a new trading bond mechanism and test a blockchain-based bond trading business platform. IBM's move has fully demonstrated its emphasis on the potential of blockchain technology. I believe that seizing the opportunity to apply blockchain technology will be of great benefit to the company and can be at the forefront of technology.

Translation: Nicole

IBM is working with a Japanese securities firm on a new blockchain pilot focused on laying the foundation for a next-generation bond trading system.

IBM and SBI Securities, a subsidiary of SBI Holdings, intend to use IBM's Hyperledger blockchain as an experimental basis to create a new mechanism for trading bonds. The purpose of the collaboration between SBI and IBM is to test a blockchain-based bond trading commercial platform.

The two companies are not the only ones testing this use case. Some are already experimenting with blockchain technology to advance catastrophe bond trading, while others are developing different types of bond exchange platforms.

SBI Securities CEO Ogawa Hiroyuki said in a statement:

“The goal of this testing is to review real-world obstacles and complications, develop a deployment plan, and build knowledge and experience by applying blockchain technology to our products.”

SBI Holdings, which has acquired Japanese bitcoin exchanges such as BitFlyer through its subsidiary SBI Investments, also participated in Ripple’s $55 million Series B round announced last month and has since partnered with Ripple to launch a new business aimed at bringing the startup’s technology to the Asian market.

The project is the latest trial of its kind announced by IBM, which has been working with a number of international companies to test applications of the technology. Earlier this week, IBM announced a partnership with Walmart to test supply chain applications for China’s huge meat market.