With ConnectionChain, Fujitsu interconnects securities-focused blockchains

In order to enable cross-border securities settlements through several blockchain networks, Fujitsu has developed ConnectionChain. Sa technology was tested for a year in Asia in collaboration with various partners.

The world of permissioned blockchain can also count on bridgesbridges linking separate networks. The Japanese group Fujitsu is also developing its technology in this sector. ConnectionChain.

On June 15, the company announced the completion of a one-year pilot project with the Asian Development Banka regional financial institution founded in 1966 to support economic and social development in the APAC region.

Improving transactions between economic zones

For one year, starting in January 2022, various tests were conducted on proprietary blockchain technology ConnectionChain. They have also teamed up with the Ethereum studio ConsenSysthe publisher R3 and Soramitsua technology company specializing in Hyperledger.

According to Fujitsuthis pilot demonstrated the effectiveness of its blockchain solution “in the streamlining and improving the security of cross-border securities transactions “the securities. The technology has made it possible to interconnect separate blockchain networks.

The tests involving ConnectionChain were aimed at designing a system capable of connect multiple blockchains to facilitate secure transactions between different economic zones. This has enabled settlements to be made between the ASEAN regions, Japan, China and South Korea.

A pilot environment with Fujitsu Web3 Acceleration Platform

Fujitsu is now preparing to enter a second development phase. Starting on June 30, the company will provide a test environment: ” Fujitsu Web3 Acceleration Platform “.

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The platform therefore embeds ConnectionChain and is intended to provide “flexible and secure connectivity across multiple economies”. The integrated solution comprises various technological components (Data e-TRUST).

Fujitsu anticipates a number of development avenues for its technology, with use cases in payment in the financial industry, but also in the retail sector. distribution and manufacturing sectors.

Facilitating the creation of new Web services3

The Japanese company also specifies that the integration of ConnectionChain into its data exchange service Data e-TRUST allows the “Extended Smart Contract” function to operate autonomously.

In plain English, this means that several external blockchains can operate as a single integrated system. Such a interconnection requires specific development. ConnectionChain aims to “streamline this development”.

To achieve this, the solution embeds plugins called Cacti-LP (Ledger Plugins), developed by Hyperledger Cactian open source project hosted by the Hyperledger Foundation and designed to guarantee interoperability.

This enables Data e-TRUST to connect to the various blockchains supported by Hyperledger Cacti, facilitating the creation of new Web services3″, Fujistsu explains.

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