Japanese blockchain firm Soramitsu introduced it could begin testing a brand new native digital forex for retailers on the College of Aizu.
In line with a June 29 report within the Nikkei newspaper, Soramitsu will start testing “White Tiger,” a digital forex sitting on the corporate’s native Hyperledger Iroha blockchain. The digital asset shall be examined at cafeterias and outlets on the College of Aizu in Fukushima Prefecture, 300 km north of Tokyo, beginning on July 1 earlier than progressively being utilized at areas off campus.
The introduction of White Tiger is a part of a wise metropolis marketing campaign by public officers and personal entities within the Metropolis of Aizu-Wakamatsu. Collaborating shops will be capable of obtain digital funds from the realm’s roughly 120,000 residents via smartphone apps or cost playing cards.
Soramitsu, based mostly in Tokyo, is likely one of the blockchain startups behind the event of a central financial institution digital forex in Cambodia.