Advancements to Explore Innovations in Next-generation Financial Application Technology

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An upcoming episode of Advancements with Ted Danson will discover how developments in decentralized technologies are helping to build a better, more sustainable world.

Viewers will learn how, from the creation of domestic and cross-border payment systems to the development of the SORA decentralized economic system, SORAMITSU provides next-generation blockchain-based fintech solutions for enterprises, universities, and governments.

Audiences will discover how SORAMITSU helps central banks and other organizations design and launch next-generation financial applications, as the show explores Bakong a recent collaboration between SORAMITSU and the National Bank of Cambodia, among other technology SORAMITSU has developed.

“Central banks have the stereotype of being very slow and shunning innovation, but our work with the National Bank of Cambodia shows that some central banks can not only adopt new technology, but can actually lead the creation of it. Bakong is a great example of what blockchain technology enables central banks to create—the future of money,” said Makoto Takemiya, Group CEO and Co-Founder, SORAMITSU.

Also Read: Fighting Challenges to Testing Financial & Banking Apps

While touching on digital currency as a secure alternative to paper bank notes, Advancements will explore how Bakong’s next-generation system promotes financial inclusion through a friendly, yet powerful application that enables users to do everything all in one place, and how the future of central bank systems can take advantage of decentralized blockchain technology to lay the foundation for the next generation financial system,

“Using a secure and standardized digital currency as a means of payment can increase trust and confidence in the payment system,” said John Galvin, senior producer for the Advancements series. “We’re excited to share this with viewers.”

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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