Sumitomo Mitsui will try blockchain technology in the succession process

Mitsui Sumitomo Financial Group will conduct a demonstration experiment on "Using Blockchain Technology in Inheritance Procedures" within the month. Thirteen financial institutions, including large banks and securities companies, will participate in and discuss this topic. The Mitsui Sumitomo Group claims that by electronically managing a catalog of inherited assets such as deposits and stocks, procedures can be shortened and business efficiency improved.