Fujitsu announced the successful completion of a year-long pilot project which began in January 2022 for its proprietary “ConnectionChain” blockchain technology with the Asian Development Bank, blockchain vendor ConsenSys, R3, and SORAMITSU, demonstrating its effectiveness in streamlining and enhancing the safety of cross-border transactions of financial securities.
The trials integrated “ConnectionChain” to realize a system that can connect multiple blockchains to securely facilitate transactions between different economic areas. The trials focused on improving cross-border securities settlement in regions including ASEAN, Japan, China and South Korea.
Based on the results of the project, Fujitsu will begin offering a trial environment, ”Fujitsu Web3 Acceleration Platform,” which integrates “ConnectionChain” to enable flexible, secure connectivity across multiple economies.