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Japanese Firm Fujitsu to Deploy Blockchain Business Models

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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 said:

“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 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.

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