At the recent WebX Asia event in Japan, Mr. Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBI Group, highlighted a transformative partnership that could redefine blockchain’s role in global trade finance and cross-border payments. 💻 https://www.publish0x.com/global-web3-news/mr-kitaos-vision-for-blockchain-at-webx-asia-highlights-the-xjdwokk
The collaboration between SBI Group and the XDC Network marks a significant advancement in the application of blockchain technology across Asia and beyond. This initiative, led by the newly established SBI XDC Network APAC, aims to integrate XDC’s enterprise-grade, carbon-neutral blockchain capabilities into global economic activities.
Key Highlights:
-SBI XDC Network APAC is focused on expanding the XDC token blockchain market within Japan and the broader Asia-Pacific (APAC) region.
-The first Proof-of-Concept (PoC) experiment connects the XDC Network with the Corda platform provided by SBI R3 Japan, aiming to revolutionize B2B transactions and cross-border payments.
-By leveraging a hybrid blockchain model, this PoC is set to provide a comprehensive, one-stop service that settles both transaction details and value transfer in a more efficient and streamlined manner.
This partnership between SBI Group and XDC Network represents a forward-looking approach to utilizing blockchain technology, setting the stage for a new era in trade finance and payments. 🌍🚀
The implications of this collaboration extend far beyond Japan and APAC, potentially becoming a global model for how financial institutions and blockchain networks can work together to unlock new potentials for economic growth and development.
Read here: https://www.publish0x.com/global-web3-news/mr-kitaos-vision-for-blockchain-at-webx-asia-highlights-the-xjdwokk
Stay tuned as we witness the future of trade finance and payments unfold!
