Billon and Mitsui Knowledge Industry extend partnership to offer blockchain based document governance.
Billon, the company specialized in blockchain, is extending its partnership agreement with Mitsui Knowledge Industry (MKI), the Japan-headquartered IT services giant, to deploy blockchain-based solutions throughout Asia. In the expanded agreement, MKI will offer Billon’s document governance solution in addition to the e-money transaction solution across the region.
Billon’s flagship solution for trusted document governance provides clarity on the digital identity of users based on a blockchain protocol, with full protection against any changes in the document. The Japanese market is particularly interested in Billon’s electronic delivery confirmation services and remote online agreements.
“We are extending our agreement with Billon to offer customers across Japan and Southeast Asia a wealth of blockchain solutions; now including storing and managing access to confidential documents, as well as the ability to perform e-money transactions. We plan to link together Proof-of-Concept deployments with early-stage customers to ensure a smooth transition and fact-finding process for potential blockchain projects,” says Takumi Onodera, Deputy General Manager of MKI.
“MKI’s years of experience and enormous network of contacts will be pivotal in the implementation of blockchain solutions across Japan and Southeast Asia. We have a strategic partnership with the team at MKI and look forward to working even closer as we investigate use cases for the technology,” said Marek Marczuk, Managing Director of Business Development and Partnerships at Billon.
MKI’s decision to offer its customers Billon’s data governance solution comes after the initial agreement to allow for the immediate and direct transfer of money in the form of digital data using the company’s civilized blockchain. Billon does not deal with cryptocurrencies, instead, it allows real currency to be converted into e-money and transacted over the blockchain. Given the decision by Japanese authorities to introduce open banking regulatory changes with the next two years, it is even more important that MKI’s customers can find a way of transparently accessing bank accounts and data, with the intention of encouraging a higher level of cashless trading in the future. Currently, data from the Japanese Ministry of Economy, Trade and Industry shows that only 18 percent of payments made in Japan are cashless.
“The Japanese financial and insurance sector considers blockchain to be the solution to optimize and modernize effective communication with their clients,” says Andrzej Horoszczak, CEO and founder of Billon. “Japanese companies attach particular importance to electronic delivery services with active confirmation and remote online agreements. The issue of cashless payments is also significant, because the Japanese market may become one of the most promising for companies offering such solutions in the coming years.”
