Fujitsu fires up five-day blockchain production framework
Fujitsu has launched a new blockchain production framework which it says enables the development of a minimum viable product (MVP) in five days.
The firm explains the offer is aimed at organisations wanting to jump-start new blockchain development or de-risk existing blockchain projects.
Frederik de Breuck, head of Fujitsu’s Blockchain Innovation Centre in Brussels, says this “ready-to-go package” is available across the EMEIA region and the firm expects this assessment to have a “major impact on unlocking blockchain’s potential for business use cases”.
At the core of the framework is a week-long assessment where Fujitsu and its customer co-create new business ideas based on blockchain or other distributed ledger technologies (DLTs).
Its goal is to identify and prove a specific business process that has the potential to become a full-scale implementation. This proof of business (PoB) approach, before committing to a proof of concept (PoC), “avoids many common pitfalls of blockchain projects and focuses on creating business value”.
With the blockchain PoB assessment, firms can create and validate the potential of an initial Hyperledger Fabric application while testing how it could work in an enterprise environment.
Assessments are led by Fujitsu’s blockchain staff, who bring insights, ideas, and technical know-how.
According to Fujitsu, it holds close to 50 patents concerning blockchain and is “deeply involved” in the development of DLTs, with an emphasis on Hyperledger Fabric. The latter is one of the Hyperledger blockchain frameworks hosted by the Linux Foundation.
Last year, Fujitsu demonstrated its interest in blockchain.
It revealed it will work with Mizuho Financial Group, Sumitomo Mitsui Financial Group (SMFG) and Mitsubishi UFJ Financial Group (MUFG) to conduct a joint field trial of a person-to-person (P2P) money transfer service using blockchain.
In July, Fujitsu Laboratories said it had accelerated transaction processing for Hyperledger Fabric. Fujitsu said the processing of communications between applications and the blockchain platform, which had been the source of bottlenecks, was “more efficient”.