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Japanese Trading Giant Itochu to Develop Blockchain Traceability System in PoC

Published 01/02/2019, 09:13
Updated 01/02/2019, 10:07
Japanese Trading Giant Itochu to Develop Blockchain Traceability System in PoC

One of largest Japanese trading companies has officially announced the start of a proof-of-concept (PoC) aimed to develop a blockchain traceability system, according to a press release published on Feb. 1.

Itochu Corporation, a general trading company and one of the five largest companies in Japan, is developing a blockchain traceability system that will allow buyers and sellers to record the date, time, location and other transaction details on blockchain through a smartphone app.

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