SBI Holdings a Ripple Partner is sing R3 Blockchain for FX Margin trading

Ripple partner SBI Holdings has begun to use R3 blockchain technology for FX margin trading, according to a report by Japanese outlet PR Times.

Use of the technology is confined to the company itself, with the firm tracking through prior order history to prevent human error.

“We have reduced the operational risk in the confirmation business and ensured high privacy protection and tamper resistance. In addition, the blockchain guarantees the identity of transaction data between the parties and improves the reliability of collation work. Furthermore, the real-time transmission of information enables seamless data linkage to back office work.” SBI Holdings said in a statement.