IT Firm Fujitsu Debuts Blockchain System for Secure Data Sharing

Japanese IT firm Fujitsu has developed a new blockchain-based system for securely exchanging data.

AccessTimeIconJun 5, 2017 at 2:00 p.m. UTC
Updated Sep 11, 2021 at 1:24 p.m. UTC

Japanese IT firm Fujitsu has developed a new blockchain-based system for securely exchanging data.

Announced on its corporate blog, the release is aimed at companies and organizations that want to exchange data safely but may not have a central hub for doing so. The system’s unveiling comes months after Fujitsu debuted a blockchain product centered around secure document exchange.

Fujitsu is a member of the Linux Foundation-led Hyperledger blockchain consortium, and according to the firm, the system is based on the open-source Hyperledger Fabric.

Fujitsu said it will be holding a demonstration later this week at an event in Tokyo. The plan, the firm said, is to launch a commercial-scale version of the system later this year.

The blog post explained:

"Fujitsu will expand this software with the goal of commercializing it as part of the Fujitsu Network Virtuora series during fiscal [year] 2017. This will create data exchange networks where people can safely interchange their data across boundaries."

In addition to its development of blockchain products, Fujitsu has helped other firms in Japan experiment with the tech. Last year, the company took part in a cross-border payments trial involving banking group Mizuho.

Image via Shutterstock

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