Japanese blockchain firm Soramitsu introduced it might begin testing a brand new native digital forex for retailers on the University of Aizu.
According to 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 can be examined at cafeterias and retailers on the University 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 City of Aizu-Wakamatsu. Participating shops will have the ability to obtain digital funds from the world’s roughly 120,000 residents via smartphone apps or cost playing cards.
Soramitsu, based mostly in Tokyo, is among the blockchain startups behind the event of a central financial institution digital forex in Cambodia.