Japanese regulators and financial institutions are working on a block-channel ID platform that will ultimately share consumer information in banks.
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Financial Services Agency of Japan - Financial Regulatory and Monitoring of the country - Developing a block-based operating platform that will enable Japanese users to share their personal information at the same time in many banks and financial institutions.
A separate bank applicant can be used to open another account in a fingerprint - for example - According to Nikkei, the common identification platform is a bank account holder "General ID", which will then be allowed to register for or through the face scan The Certified Smartphone app will need to provide the share ID. Basic, the sharing ID will require a new financial institution to enter the banking information or to apply for when to submit personal information.

Personal information and data for these shared IDs will be recorded, recorded and protected on Shared Private Channel Channels developed by the FSA and other financial institutions.
Japan's 'Megabank' shares a block channel

The report also shows that the FSA joint IB. Will create a 'management body' to monitor the Balkan platform, which is a test that will be implemented by Japan's Megabank after one test.
The FSA will begin a comprehensive testing process in October, which is likely to run one year's tests. Description of each other, after a Blokchen acknowledgment - If successful, Bank of Tokyo-Mitsubishi UFJ (Amayuefje), Mizuho and Smitomo Mitsui Banking of Three Megabank be able to see Japan Korp-

With his own Blokcan efforts, Japan's three Megabaks are also invested in exchange of Bitfiar, the country's largest bitcoin by trade volume. In a spectacular endeavor in the second half of 2016, it was observed that three banks used a proprietary blockkun 'MiBi' developed by bitmiller for the investigation of domestic money transfers. Successfully checking, with some 1,500 transactions per second on BlockChaining, this proves that money transfer was faster and more efficient than the current interbank wire system.