Mitsubishi UFJ Financial Group announced on the 21st that it has developed the world’s fastest settlement processing system using blockchain cutting-edge technology. The group strives for practical application in fiscal year 2019. Blockchain is a system that manages transactions with multiple computers and is the core technology of virtual currency. Its characteristic is that it is difficult to tamper with transaction data, and it can realize the low-cost application of the system. It is expected to be applied in many fields such as remittances. On the other hand, due to the slow processing speed in the past, it was reported that Mitsubishi UFJ introduced data high-speed communication technology owned by American IT giant Akamai Technologies to overcome it. The new system can achieve more than 1 million transactions per second within 2 seconds of each settlement.