UTop: Japanese corporation pouring “Millions of USD” into FPT’s Blockchain application

At the signing ceremony of the cooperation agreement between FPT and SBI in the morning of April 17th in Tokyo, Mr. Yoshitaka Kitao — head of SBI Group believed, Utop will succeed in Japan and many countries around the world.

On behalf of FPT side, attending the signing ceremony were FPT Chairman Truong Gia Binh , CEO FPT Software COO Tran Dang Hoa, and the leaders of FPT Japan.

SBI Chairman — Mr. Yoshitaka Kitao said, SBI and FPT had cooperated to establish a mixed investment fund in 2007. SBI’s leader assessed that FPT has a large customer base in the world. The fact that the two sides started to set up Utop company will promise to bring an amount of success.

“FPT Chairman Truong Gia Binh is a business partner, but also a very best friend,” said Yoshitaka Kitao.

At this moment, there shall not disclose the next steps after the cooperation agreement. However, according to a leader of FPT Software, SBI invested a “huge” amount of money into Utop.

In Japan, point card system in shopping centers, convenience stores, pharmacies, … is a popular culture. This is a way for shoppers or customers to accumulate points whenever they buy from any manufacturers.

Among them, including T-point card which firstly issued by TSUTAYA. This card can be used at Family Mart convenience stores.

Utop “made by FPT” is an electronic point application. This is one of the first applications of Southeast Asia using Blockchain technology to build a loyal customer network. Utop application is supported on mobile devices using Android and iOS operating systems. Not only aimed at individual users, Utop also provides tools for businesses including companies, online business households, project teams.

SBI was founded in 1999 in Japan as a role of an Internet-based financial services provider. Since then, the company has established a financial corporation focused on new technologies, including Fintech, Internet of Things (IoT), artificial intelligence (AI), and other companies. In 2018, SBI invested more than 533 million USD in Blockchain and AI.

In September 2018, SBI Holdings began testing Token “SCoin”, which is used to purchase retail products via users’ smartphones. In testing, SBI Group staff will use the S Coin platform to complete the purchase of non-cash items at cafes and fast food joints around SBI headquarters.

The Permissioned Business Blockchain for Enterprises

The Permissioned Business Blockchain for Enterprises