Akamai and MUFG Announce Joint Venture for Blockchain-Based Online Payment Network

CAMBRIDGE, Mass., Feb. 12, 2019 /PRNewswire/ — Akamai Technologies, Inc. (NASDAQ: AKAM), the intelligent edge platform for securing and deliverin

Source: www.prnewswire.com

Akamai Technologies and Mitsubishi UFJ Financial Group have announced the establishment of a joint venture, the Global Open Network, Inc. (GO-NET). This new initiative plans to offer a new blockchain-based online payment network enabling next-generation transaction security, scale, and responsiveness. GO-NET aims to provide a comprehensive set of services, including support for existing payment processing functions, pay-per-use, micropayments and other developing IoT-enabled payment transactions. Both Companies will invest in GO-NET, which is expected to go live in Japan during the first half of 2020.