IT Firm Fujitsu Sees Commercial Interest in Blockchain Security
Japanese IT giant Fujitsu has developed tools for securely sharing documents via blockchain, with an eye to bring commercial products to market next year. Detailed earlier this week, the project was co-developed by Fujitsu teams based in Japan and the US. The news comes months after Fujitsu joined the Linux Foundation-led Hyperledger blockchain project, with Yoshinobu Sawano, Fujitsu’s lead on fintech initiatives, sitting on its governing board. The company has also worked with firms like Japanese bank Mizuho on other blockchain applications. Now, Fujitsu is pitching what it calls....
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Fujitsu has been working on blockchain-based digital identity tools since 2019. Major financial institutions in Japan are moving into blockchain to streamline digital identity systems.Japan’s third-largest bank, Mizuho Bank, and local payment giant JCB are preparing to pilot a digital identity interoperability system based on blockchain technology. The new system will utilize a blockchain solution developed by Fujitsu Laboratories, Fujitsu announced on Oct. 15.The new joint initiative will allow the companies to verify mechanisms to securely transfer and link member ID information by....
Blockchain technology is captivating audiences all over the world, and now that the financial sector has taken notice of this trend, new projects are being announced on a regular basis. One of the most recent projects is the collaboration between Fujitsu and Mizuho Bank, as both parties will experiment with the blockchain to make cross-border securities transactions settlements faster and cheaper. Mizuho Bank And Fujitsu Explore Blockchain Technology. Whenever a new project revolving around blockchain technology is announced, there is great cause for concern among digital currency....
Blockchain technology provides information sharing with high transparency and reliability, without management by a specific trusted organization. Financial trading applications, however, have operational issues related to safely executing trades, such as key management. Document management applications bring issues in creating a system that limits which people are allowed to reference information recorded in the blockchain. Fujitsu Laboratories of America, Inc. and Fujitsu Laboratories Ltd. have developed blockchain-based technologies to securely handle confidential data among multiple....
In an announcement today, Japan-based Mizuho Bank Ltd., and technology firm Fujitsu Labs Ltd., have revealed the successful operation trial of blockchain technology that saw tamper-proof results and same-day settlements of securities transactions. The two companies, following the announcement of a successful blockchain trail, revealed that they will develop an “exceptionally convenient financial system” that will see risks like price fluctuations negated from cross-border securities transactions. The 3-month trial between Dec 2015 and Feb 2016 saw Mizuho Bank, a leading custodian bank with....
According to an IBM survey that gathered insights from 200 global banks, 15% of those banks could be running blockchain solutions as early as 2017. While 2016 is the year that has – already – seen blockchain prototypes tested and trialed, 2017 will be the year banks start putting blockchain solutions into implementation, according to a new IBM study. “Hurtling” Toward Blockchain. Released today, the study, “Leading the Pack in Blockchain Banking: Trailblazers Set the Pace”, conducted by IBM Institute for Business Value, summed up the interest in blockchain among the 200 banks it surveyed,....