Japanese Top Power Companies Partner with UFJ Bank to Explore Blockchain

Yuri Molchan
Japanese companies are joining efforts with Mitsubishi UFJ Bank and the University of Tokyo to work on a Blockchain project to enable solar energy producers to sell power
Japanese Top Power Companies Partner with UFJ Bank to Explore Blockchain
Cover image via U.Today

In the Monday press release, it was reported that several prominent Japanese companies are joining efforts with Mitsubishi UFJ Bank and the University of Tokyo to work on a Blockchain project that intends to enable solar energy producers to sell electric power to regular clients.

The companies plan to create a platform that would allow the whole process to be implemented. Mitsubishi UFJ Bank will provide advice on the use of Blockchain since it already has experience of working in this area. The University of Tokyo will carry out the research.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.