Japanese blockchain firm Soramitsu introduced it could begin testing a brand new native digital forex for retailers on the College of Aizu.
In accordance with a June 29 report in the Nikkei newspaper, Soramitsu will start testing “White Tiger,” a digital currency sitting on the corporate’s native Hyperledger Iroha blockchain. The digital asset will likely be examined at cafeterias and retailers on the College of Aizu in Fukushima Prefecture, 300 km north of Tokyo, beginning on July 1 earlier than steadily being utilized at areas off campus.
The introduction of White Tiger is a part of a smart city campaign by public officers and personal entities within the Metropolis of Aizu-Wakamatsu. Collaborating shops will be capable of obtain digital funds from the world’s roughly 120,000 residents by smartphone apps or cost playing cards.
Soramitsu, based mostly in Tokyo, is without doubt one of the blockchain startups behind the development of a central bank digital currency in Cambodia.