Japanese blockchain firm Soramitsu introduced it might begin testing a brand new native digital foreign money for retailers on the College of Aizu.
In response to a June 29 report within the Nikkei newspaper, Soramitsu will start testing “White Tiger,” a digital foreign money 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 regularly being utilized at places off campus.
The introduction of White Tiger is a part of a good 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 among the blockchain startups behind the growth of a central financial institution digital foreign money in Cambodia.