One of Japanâs biggest IT corporations is expanding its role in the Hyperledger blockchain project.
NEC Corporation, the Linux Foundation-backed initiative announced today, has become a premier member of the group. Daichi Iwata, who leads the NECâs fintech business development office, is also joining Hyperledgerâs governing board.
NEC was among a group of companies to join the Hyperledger project in early 2016, just weeks after the effort first began. Hyperledger formally launched in December 2015, backed by firms including IBM, JPMorgan and the London Stock Exchange, and has since grown to include more than 100 startups and established companies among its ranks.
In statements, the firm indicated that its expanded work with Hyperledger would build on its past efforts focused around the tech.
âWe believe blockchain is a transformative technology and are committed to advancing its adoption by contributing our expertise and knowledge to the Hyperledger community,â Osamu Fujikawa, who heads NECâs business innovation unit, said in a statement.
In addition to its work with Hyperledger, NEC has played a role in blockchain development within Japanâs finance space. Last October, Sumitomo Mitsui Trust Bank announced that it was exploring concepts around trade finance and asset custody, working with NEC and IBMâs Japanese arm to test prototypes.
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