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.

AccessTimeIconAug 9, 2017 at 11:00 a.m. UTC
Updated Aug 18, 2021 at 6:39 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

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.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • 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

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

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    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.