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Fujitsu Develops Blockchain-based Software for a Secure Data Exchange Network

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by Angela Guess

A new press release out of the company reports, “Fujitsu today announced the development of software to create secure data exchange networks. With a proprietary data access control technology it has developed, Fujitsu aims to promote interchanges of data accumulated by various organizations and companies. This software was developed by Fujitsu Laboratories Ltd. and based on Fujitsu Virtual Private Digital Exchange Technology that can apply blockchain to control access to distributed data. Fujitsu Virtual Private Digital Exchange Technology enables registrations of data attribute information and ID information based on where the data is stored. At the same time, it manages the access control policy in order to limit users who can obtain the data. Moreover, the system automatically handles data exchange between the provider and users based on the policy set in advance.”

The release goes on, “By using this software to build a data exchange network among multiple organizations and companies, participants can safely and rapidly share data. Fujitsu aims to expand this software and commercialize it as part of the Fujitsu Network Virtuora series during fiscal 2017… Recently with the spread of technologies such as IoT, a variety of information relating to people and things has been recorded and stored as data. Efforts to create new value through big data analysis and artificial intelligence (AI) have also become significant worldwide. In order to generate such value, large volumes of diverse data will be necessary and it will be important for organizations and individuals to share them. However, there are security and privacy concerns with typical data interchange which requires external data storage. In response to such challenge, Fujitsu developed a software for data exchange networks that allows individuals and organizations to share data while keeping them in their internal systems.”

Read more at Fujitsu.com.

Photo credit: Fujitsu

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