ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

Mitsubishi Launches Blockchain Platform For Trading Precious Metals

Powered by Skuchain’s blockchain-based EC3 platform, Mitsubishi launched the  ECO system for precious metal trading.

Tolu Ajiboye by Tolu Ajiboye
August 11, 2020
in News
0
blockchain
0
SHARES
60
VIEWS
Share on FacebookShare on Twitter

American blockchain company, Skuchain Inc. announced the launch of a blockchain platform, ECO which is a system for precious metals trading. The 10th of August announcement revealed the development of the project is in partnership with Mitsubishi Corporation Rtm Japan Ltd, the mineral trading subsidiary of Mitsubishi Corporation. The announcement also revealed that ECO is powered by Skuchain’s EC3 platform for blockchain-based supply chain management and finance.

Referring to the functions of ECO, the announcement said:

“ECO facilitates trade verification by generating, managing and executing invoices and confirmations between counterparties.”

Mentioning further plans, Mitsubishi Corporation RtM Japan will render ECO system services to some of the company’s “most valued customers.” There are also plans to expand ECO to a wider supply chain system.

Furthermore, the announcement showed future plans for ECO. Mitsuibishi said ECO will include more features on a later date. The new development is aimed at proffering  solutions in the metal trading industry.

Mitsubishi Group is not new to the blockchain industry. In January, a press release shared with Cointelegraph revealed that the government of Singapore, along with 16 other companies, have partnered to accelerate the promotion of digitizing international trade.

Also in July, Cointelegraph reported that the financial subsidiary of Mitsubishi, Mitsubishi UFJ Group, is working to promote digitization for companies and government agencies. Also, Hironori Kamazewa, the president of Mitsubishi UFJ Financial Group, announced the company’s plans to start its own digital coin in the second half of 2020.

Last year, Mitsubishi and several other Japanese manufacturers collaborated to share data via blockchain.

Image Credits: Pixabay

Tags: Mitsubishi CoporationPrecious MetalsSkuchain Inc
Previous Post

BTC Price Analysis: After Hitting $12K, BTC/USD Relaunches Traction to $14K As Bitcoin Price Pattern Snaps Bullish

Next Post

Web Traffic On Global Crypto Exchanges Jumped 13% In July

Next Post
48 hours

Web Traffic On Global Crypto Exchanges Jumped 13% In July

Recent Stories

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Crypto Payment

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021
halving

Google Data Reveals “Ethereum” Searches Hit All-Time High

January 14, 2021
BTC/USD

BTC Price Analysis: In a Return Rally BTC/USD Grinds Past $40,000 Amid Grayscale Bitcoin Purchase of $80M

January 14, 2021
Wunderbit Trading

Wunderbit Trading – Copy Trading Platform That Suits All 

January 14, 2021
bitcoin

Top 7 Open-source Code Bitcoin Wallets

January 14, 2021
Bitcoin

Bitcoin Institutional Investors Not Worried About Recent BTC Decline

January 13, 2021
Crypto Analyst

Crypto Analyst Predicts BTC Will Plunge Below $20,000, BTC Up Over 2.7%

January 13, 2021
DOT/USD

DOT Price Analysis: Massive Liftoff on DOT/USD to $10.98, On-Chain Data Indicates a Climb in Polkadot Volume

January 13, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 37,998.00 0.61%
  • ethereumEthereum (ETH) $ 1,221.83 5.2%
  • tetherTether (USDT) $ 0.997022 0.46%
  • bitcoin-cashBitcoin Cash (BCH) $ 504.23 0.15%
  • binancecoinBinance Coin (BNB) $ 41.18 0.24%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree