Japanese Nomura Research Institute to Launch Part Two of Proof-of-Concept for Blockchain Technology in the Securities Industry

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Nomura Research Institute (NRI), a leading provider of consulting services and system solutions, has  announced the launch of the second phase of its Proof-of-Concept (PoC) to examine the applicability of Blockchain technology for securities markets.

This project will be done in collaboration with Asia’s leading exchange group, Japan Exchange Group, Inc. (JPX).

“NRI is thrilled to work with JPX and our partners in identifying the potential of blockchain across the securities industry,” said Minoru Yokote, Senior Managing Director of NRI. “As the industry increasingly looks towards what blockchain can provide to enhance operations and technology, we are focused on determining all the challenges and potential benefits of blockchain for future applications across the securities industry.”

Through this partnership, NRI and JPX will assess the usability as well as the challenges of Blockchain technology when applied to securities markets. Along with JPX, the PoC will be supported by Nomura Securities, SBI Securities, Mitsubishi UFJ Financial Group and others, to ensure the study is explored from various perspectives. The PoC will mainly examine business scenarios and validation items, and prepare prototype systems based on those scenarios. Currency Port Limited will also join the PoC to contribute its Blockchain technology.

This project is a continuance of NRI’s previous effort to promote open innovation in October, 2015 when it established its first PoC on Blockchain with Nomura Securities. The study focused on two main characteristics of Blockchain – the ability to decentralize information, and the ability to resist data tampering when managing stockholders’ accounts. The results of the study have proven that Blockchain technology allows anti-tampering stock information management and gets rid of the need for reconciliation between stockholders.

The second phase of the Blockchain PoC is scheduled to run from April to the end of June 2016.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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