IT Firm Fujitsu Sees Commercial Interest in Blockchain Security

Japanese IT giant Fujitsu has developed tools for confidentially sharing documents via blockchain.

AccessTimeIconOct 21, 2016 at 7:14 p.m. UTC
Updated Sep 11, 2021 at 12:34 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now
Fujitsu
Fujitsu

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 “blockchain-based security technologies” following months of internal development. While subject to further testing, Fujitsu said that it would seek to launch commercialize products sometime in 2017.

Fujitsu explained in a recent blog post:

“With a view to applying the blockchain to a variety of fields, Fujitsu Laboratories has now developed two technologies: a transaction restriction technology based on pre-established policies to restrict trading, such as by restricting users, and a document encryption technology, which allows only relevant parties who hold multiple distributed keys to securely access the information recorded in the blockchain.”

The company said it would look to apply the tech to supply chain and back office environments, though it didn’t offer details on the specific industries for which they’re aiming.

Images via Fujitsu, Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.