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Business trends

NTT Data to offer system to put trade paperwork online

Mitsubishi, MUFG Bank, Sompo Japan among seven leading blockchain project

Seven Japanese companies will invest in a new system that will manage many trade operations online, using blockchain technology to prevent tampering. (Source photos by AP and Tsuneyuki Kenmochi)

TOKYO -- NTT Data, Mitsubishi Corp. and five other Japanese companies are forming a venture to shift transactions online using blockchain, Nikkei has learned, after new Prime Minister Yoshihide Suga made it a priority of his government to digitize the economy.

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