Operation of digital local currency using "blockchain" started July 9, 20:24, Fukushima
By using a technology called "blockchain", a venture company in Tokyo developed a digital local currency that allows you to shop instead of cash with a smartphone etc., and it has started operation at a university in Fukushima Prefecture.
The digital local currency named "White Tiger" was developed by Soramits, a Tokyo venture company based in Aizuwakamatsu City, Fukushima Prefecture.
This digital local currency has been used in cafeterias and shops at the University of Aizu, which we helped develop this month.
To use it, download the dedicated app on your smartphone, hand over cash at a cashier such as a cafeteria, and the amount will be charged.
When the salesperson enters the price of the product on the tablet, the QR code is displayed, and the user reads it with the smartphone camera to complete the payment.
According to the company, this digital local currency uses a technology called "blockchain" that prevents double payments and forgery with strong security, and it is the first time it is operated as a local currency in Japan. is.
The developed company will increase the number of stores that can be used in Aizuwakamatsu city in the future.
The male student who used it immediately said, "It is very convenient to be able to make payments using a smartphone. I think it will spread among students in the future."
Makoto Takemiya, CEO of Soramititsu, said that “Byakutora is capable of operating blockchain technology safely and at low cost. We would like to expand this technology to the whole country and the whole world.” ..
"I'm glad that we can finally release it to the world because it took a long time to develop it. I think it was the first step to build a unique value exchange mechanism for the region," said Yasufuji Fujii, a visiting professor at the University of Aizu who was involved in the research. It was
The characteristics of "White Tiger"
This time, the digital local currency was developed by Soramits, an IT venture company in Tokyo four years old.
The feature is that blockchain technology is used to store transaction records distributed on the net.
In general QR code payments such as PayPay and Rakuten Pay, after the user pays at retail stores, restaurants, etc., the QR code payment operator collects the information and sends it to the bank account of the store. Takes a certain amount of time to receive money.
On the other hand, in the case of Soramitsu's technology, the store side can receive the money immediately by using the block chain mechanism.
Soramitsu's technology is also used overseas, and in collaboration with the Central Bank of Cambodia, we developed the digital currency "Bakong".
It can be used for payments such as shopping using smartphone apps, and can also be used for exchanging money between companies and banks.
The demonstration test started in Cambodia last July means that over 10,000 people are using it.
Soramitsu aims to provide technology to other countries as well as to create a system to send and receive digital currencies of each country.