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IT Giant Fujitsu Is Planning to Deploy Multiple Blockchain Business Models

Japanese IT giant Fujitsu is looking to monetize its blockchain work by pursuing several business models, according to statements from the company.

Aug 9, 2017
CoinDesk Insights

IT giant Fujitsu has revealed new details on its plans to monetize its work on Hyperledger's Fabric blockchain.

One of several companies credited with helping build the core of the enterprise-focused distributed ledger platform, Fujitsu is now embarking on what it described as a two-fold plan to commercialize its progress.

As additional tweaks are made to the modified version of the codebase, the Japanese firm intends to begin selling customers services designed to increase the efficiency of both internal corporate operating systems and operations that connect potential clients.

A Fujitsu spokesperson told CoinDesk:

"We don't intend to limit it to one business model, but want to use it various ways. As blockchain becomes faster, we hope to achieve stable responsiveness even when user numbers swell."

The news follows a CoinDesk report last month that the firm's research arm had achieved 1,350 transactions per second using the software, a volume it claimed was required by clients seeking "high performance."

As a result of this development, Fujitsu is now seeking to gain customers in parallel with IBM, the only other company to reveal plans to monetize Fabric. But for now, it's open to having other evangelists in the market.

A Fujitsu spokesperson said the company isn't concerned about building its system using the same technology as an ostensible competitor.

Fujitsu logo image via Shutterstock

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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