The year of 2016 brought along major developments on the blockchain market, with numerous banks and financial institutions considering to make the move, and switch their systems to a blockchain-based one. This is completely understandable, given the benefits of the blockchain network over the traditional system.

For those who do not know, using blockchain for trading can lead to lower costs, faster transactions and more efficient processes. According to recent reports, it seems like the Japanese Financial Services Agency has just allowed the operator of the Tokyo Stock Exchange, the Japan Exchange Group, to go ahead and use the blockchain network for its core trading infrastructure.