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.

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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."

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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.

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