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Fukushima Bank Uses SBI’s SHIMENAWA Blockchain for Rice-Linked Time Deposit Campaign

The bank adopted SHIMENAWA (blockchain-based traceability platform) for a novelty program tied to time deposits, using it to manage information on rice origins.

Summary

Fukushima Bank adopted SHIMENAWA (blockchain-based traceability platform), a system provided by SBI, for a time deposit novelty campaign that managed rice origin information on blockchain (shared digital ledger). The implementation connects a traditional banking product with blockchain-based traceability, showing how distributed ledger tools can be used beyond cryptocurrency trading to record and verify supply-chain data tied to promotional banking offers.

Terms & Concepts
  • Blockchain: A shared digital ledger that records data in a way designed to be transparent and difficult to alter.
  • Traceability: The ability to track the origin and movement of goods through recorded data across a supply chain.
  • Time deposit: A bank deposit product that locks funds for a fixed period, usually in exchange for a set interest rate.