Mitsubishi
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Fujitsu and Mitsubishi look to create Japanese ‘metaverse economic zone’.
#Fujitsu #Mitsubishi #Metaverse #metaversenews #japan
#Fujitsu #Mitsubishi #Metaverse #metaversenews #japan
Mitsubishi UFJ And Banking Partners With Datachain And Soramitsu For Smooth Transfer Of Stablecoin
Mitsubishi UFJ Trust and Banking Corporation, one of Japan’s largest banks, has announced a new technical partnership with blockchain firms Datachain and Soramitsu. The goal of the partnership is to facilitate smooth mutual transfers and exchanges between various stablecoins scheduled to be issued in Japan.
The partnership will utilize various stablecoins issued using the stablecoin issuance and management platform “Progmat Coin” led by Mitsubishi UFJ Trust and Banking, as well as the open-source blockchain platform Hyperledger Iroha, which Soramitsu contributes to development. Demonstrations will be conducted assuming regional digital currencies that are being considered by regional banks.
@azcoinnews
Japan became the first country in the world to define stablecoins as “electronic payment methods” under the revised Payment Services Act in 2022, with the bill set to be enforced in 2023. This initiative will help to facilitate smooth mutual transfers and exchanges between the wide variety of stablecoins and regional digital currencies that are scheduled to be issued by various banks in the future.
The partnership will also explore ways to improve the efficiency of cross-border remittances and reduce fees through mutual transfers and exchanges with overseas CBDCs.
In order to realize mutual transfers of multiple stablecoins and digital money on different blockchains such as Corda and Hyperledger Iroha, the partnership will leverage technologies to interconnect both blockchains and execute transactions on both blockchains simultaneously. These connections will include “YUI,” a blockchain interoperability project led by Datachain in research and development, “IBC,” a messaging protocol adopted by YUI, and middleware such as “LCP” that enables interoperability.
Stablecoins have the potential to revolutionize international remittances, micropayments, and the settlement of digital assets such as securities and NFTs. By connecting different blockchains in a safe and practical way, this partnership aims to build advanced use cases for stablecoins and create a financial infrastructure that can be used globally.
#Mitsubishi #Japan #Stablecoins #azcoinnews #NFT
This article was republished from azcoinnews.com
The partnership will utilize various stablecoins issued using the stablecoin issuance and management platform “Progmat Coin” led by Mitsubishi UFJ Trust and Banking, as well as the open-source blockchain platform Hyperledger Iroha, which Soramitsu contributes to development. Demonstrations will be conducted assuming regional digital currencies that are being considered by regional banks.
@azcoinnews
Japan became the first country in the world to define stablecoins as “electronic payment methods” under the revised Payment Services Act in 2022, with the bill set to be enforced in 2023. This initiative will help to facilitate smooth mutual transfers and exchanges between the wide variety of stablecoins and regional digital currencies that are scheduled to be issued by various banks in the future.
The partnership will also explore ways to improve the efficiency of cross-border remittances and reduce fees through mutual transfers and exchanges with overseas CBDCs.
In order to realize mutual transfers of multiple stablecoins and digital money on different blockchains such as Corda and Hyperledger Iroha, the partnership will leverage technologies to interconnect both blockchains and execute transactions on both blockchains simultaneously. These connections will include “YUI,” a blockchain interoperability project led by Datachain in research and development, “IBC,” a messaging protocol adopted by YUI, and middleware such as “LCP” that enables interoperability.
Stablecoins have the potential to revolutionize international remittances, micropayments, and the settlement of digital assets such as securities and NFTs. By connecting different blockchains in a safe and practical way, this partnership aims to build advanced use cases for stablecoins and create a financial infrastructure that can be used globally.
#Mitsubishi #Japan #Stablecoins #azcoinnews #NFT
This article was republished from azcoinnews.com
Japan Unveils Mori JP Tower, the Nation's Tallest Skyscraper. 🗼🇯🇵
The Mori JP Tower, Japan's tallest skyscraper, recently opened in the Minato region of Tokyo as part of the 80,000 square meter Azabudai Hills complex.
Soaring to a height of 330 meters with 64 floors above ground and an additional 5 below, the Mori JP Tower now holds the title of Japan's highest skyscraper.
Anticipating an annual influx of 30 million visitors, the tower features a diverse range of facilities, including stores, offices, institutes, and luxurious residences from the Aman Resorts hotel chain.
Naka Hiroki, a representative from the contracting firm Mori Building Co., highlighted in the opening speech that the project aims to position Tokyo as a competitive city on the international stage.
The Azabudai Hills complex, including the Mori JP Tower, is valued at an impressive $4.3 billion and is conveniently located within a 5-minute walk from Kamiyacho and Roppongi Itchome train stations.
Before the completion of Mori JP Tower, the title of Japan's tallest building belonged to the 300-meter Abeno Harukas in Osaka.
Construction is underway near Tokyo Station for another remarkable skyscraper owned by Mitsubishi Estate Co., expected to reach 390 meters upon completion in 2027.
This architectural marvel not only adds to Tokyo's skyline but also contributes significantly to the city's global competitiveness. The Mori JP Tower stands as a symbol of Japan's commitment to cutting-edge urban development and innovation.
#Japan #MoriJPTower #Mitsubishi #NakaHiroki #tokyo
The Mori JP Tower, Japan's tallest skyscraper, recently opened in the Minato region of Tokyo as part of the 80,000 square meter Azabudai Hills complex.
Soaring to a height of 330 meters with 64 floors above ground and an additional 5 below, the Mori JP Tower now holds the title of Japan's highest skyscraper.
Anticipating an annual influx of 30 million visitors, the tower features a diverse range of facilities, including stores, offices, institutes, and luxurious residences from the Aman Resorts hotel chain.
Naka Hiroki, a representative from the contracting firm Mori Building Co., highlighted in the opening speech that the project aims to position Tokyo as a competitive city on the international stage.
The Azabudai Hills complex, including the Mori JP Tower, is valued at an impressive $4.3 billion and is conveniently located within a 5-minute walk from Kamiyacho and Roppongi Itchome train stations.
Before the completion of Mori JP Tower, the title of Japan's tallest building belonged to the 300-meter Abeno Harukas in Osaka.
Construction is underway near Tokyo Station for another remarkable skyscraper owned by Mitsubishi Estate Co., expected to reach 390 meters upon completion in 2027.
This architectural marvel not only adds to Tokyo's skyline but also contributes significantly to the city's global competitiveness. The Mori JP Tower stands as a symbol of Japan's commitment to cutting-edge urban development and innovation.
#Japan #MoriJPTower #Mitsubishi #NakaHiroki #tokyo
