MUFG, Japan’s biggest bank, has announced plans to launch a ‘hyper-scale’ blockchain payments network to be co-developed with cloud delivery giant Akamai for faster, cheaper payments.
In an announcement [PDF] on Monday, the Mitsubishi UFJ Financial Group (MUFG) revealed details of an ongoing partnership with US-based cloud content delivery giant Akamai that sees the two companies design a blockchain that was verifiably capable of processing a million transactions per second under real-world conditions.
Full article: https://www.ccn.com/1-million-transactions-sec-japans-largest-bank-plans-blockchain-payments-in-2020/