Soramitsu: Blockchain Digital Local Currency: Fakshima’s Bakong
Soramitsu:
Venture company in Tokyo develops digital local currency by smartphone
The operation of digital local currency has started at the University of Aizu in Fukushima Prefecture.
We use a technology called “blockchain”.
Soramit’s “Bakong”
Soramitsu’s technology is also used overseas.
Soramitsu has developed the digital currency “Bakong” with the Central Bank of Cambodia.
It is also used for exchanging money between companies and banks.
General QR code payment:
In general QR code settlement such as PayPay and Rakuten Pay,
After the user pays at a restaurant, etc.,
QR code payment operator sends money to the bank account of the store,
It takes time for the store to receive the money.
For blockchain:
In the case of Soramitsu’s technology, by using a blockchain,
It means that the store can receive the money immediately.
We will provide technology to other countries in the future.
We also aim to create a system for sending and receiving digital currencies of each country.
NHK news