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, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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