The Tokyo-based firm Infoteria Corporation and the Osaka-based company Tech Bureau Corporation has announced the two businesses successfully demonstrated the first blockchain microfinance service in Myanmar. The operation was verified using the blockchain Mijin on Microsoft Azure using ASTERIA WARP.
Two companies from Japan have applied distributed ledger technology to record microfinance data using the Mijin platform. Infoteria Founder and CEO, Yoichiro Hirano, and Tech Bureau President, Takao Asayama are pleased to tell the world about the group’s blockchain accomplishment in the world of microfinance. The two teams successfully transferred a loan and deposit account data located on the main system of BC Finance the largest microfinance institution in Myanmar. Mr. Akira Sakakibara, Chief Technology Officer of Microsoft Japan said he welcomes the successful demonstration using Microsoft Azure, Mijin, and ASTERIA WARP. Sakakibara stated in the announcement: “Microsoft Japan welcomes the successful demonstration experiment of private Blockchain in microfinance. Microsoft’s cloud service product, Microsoft Azure, provides a reliable computing environment that requires high-level security, high performance, and one of world’s largest data center networks. In this experiment, Infoteria and Tech Bureau succeeded in recording the account data of microfinance transactions carried out by BC Finance in mijin running on Microsoft Azure through Infoteria’s ASTERIA WARP. This means further expansion of the scope of application of the Blockchain technology and also the delivery of the value of Microsoft Azure as a platform of Blockchain operations to a larger number of customers. Microsoft will continue to provide products and services that contribute to increasing the value of our customers’ business through the promotion of Blockchain technology.” The group recorded all transaction histories of active holdings at the branch of BC Finance which operates a total of 19 branches. BC Finance assigned a total of three accounts which included a loan, and […]
