JCB Partners with Keychain to Leverage Blockchain in the Payments Area

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A recent press release reports, “JCB Co., Ltd., the leading issuer and acquirer in Japan and a global payment network and Keychain, a leading blockchain technology provider today announced the collaboration in leveraging blockchain in the payment area. Keychain is building a new global data security infrastructure targeting the financial, industrial, and enterprise spaces. Keychain Core™, Keychain’s main product, is a solution accelerator that enables Keychain’s partners to build applications with self-sovereign identity, data-centric security, secure workflows, contracts, and settlement and custom digital assets. Keychain Core™ supports a wide range of devices including personal computers, tablets, smart phones, smart watches, and Internet of Things (IoT) devices.”

The release adds that Keychain Core capabilities include: “(1) Self-sovereign identity – Enables users to create digital identities in a self-sovereign way. (2) Data-centric security – Secures any data on any device anywhere in the world with requiring trusted third parties, regardless of the security of the storage and network environments. (3) Secure workflows – Secures business workflows, such as payment settlement, with full auditability while maintaining confidentiality. (4) Secure contracts – Enables globally compatible digital contract signing and processing. (5) Digital assets – Enables regulated organizations to issue custom digital assets. For example: central bank and municipal digital money, energy credits, and gaming assets.”

Read more at keychain.io.

Image used under license from Shutterstock.com

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