Japanese Banking Giant Exec Says Blockchain Is Making 'a B2B Shift'

Source: Adobe/photo_pw A senior executive at one of Japan's biggest banking groups, the Sumitomo Mitsui Banking Corporation (SMBC), has talked up the role of blockchain technology in the world of finance - and claims that businesses are now shifting away from business-to-consumer (B2C) offerings in favor of business-to-business (B2B) alternatives. SMBC, which has assets worth over USD 2tn,