Tag: implement

JCB Co., Ltd. Japan’s only international payment brand (Head Office: Tokyo, Japan) and Keychain GK (Head Office: Singapore) implement offline payments using near-field communication (NFC), self-sovereign identity, and blockchain technology. Figure 1. Offline Payment Concept With the spread of 5G and the development of Internet of Things (IoT) devices, machine-to-machine payments will automatically execute contracts and make payments without human intervention, and possibly without network connectivity. JCB and Keychain have developed the first payment infrastructure for machine-to-machine transactions that supports offline payments using NFC. Leveraging Keychain’s blockchain and self-sovereign identity technology, the system addresses challenges related to the risks of ... Read more

The International Finance Corporation (IFC), a member of the World Bank Group, has published the report “Digital Entrepreneurship and Innovation in Central America,” a study on the digital ecosystem in the region, with a focus on Guatemala, El Salvador, Honduras, and Costa Rica. Prepared in collaboration with the Regional Center for the Promotion of Micro, Small and Medium Enterprises (CENPROMYPE), the document reveals the opportunities for digital transformation in Central America, the challenges it faces, and the potential of this digitalization to attract investment and generate jobs. Presented at a panel sponsored by the Central American ... Read more