SONY has long been investing in the blockchain space. 2018 saw them announcing that SONY is now working to present a platform that will control and manage digital content and rights. World also saw them creating a portal for managing educational course records and transcript management through blockchain. They initiated this in collaboration with Fujitsu.
The Japanese company has been investing in latest technologies including blockchain and AI. They have been pioneers in supporting new trends and investing in science and technology since the 90s and today they aren’t behind when it comes to investing in digital investments. Their work in testing and investments has been remarkable.
SONY has announced that they are developing a high-speed processing technology to facilitate data transactions for a new breed of database platform called Blockchain Common Database (BCDB). But before understanding that, you need to grasp the clarity on what is blockchain.
This is being done under the transportation-focused Mobility as a Service (MaaS) initiative which is being headed by the Netherlands Ministry of Infrastructure and Water Management since 2019.
The technology has been achieved and successfully executed. 7 million transactions are being stored per day thus simulating a real-world scenario where buses, cars, bikes and taxis can share their location and other metrics. The kind of work SONY has been doing in the blockchain and investment space SONY is being seen as a leading contender for 2021 Blockchain 50 list.
Samsung is already part of the list. SONY is also showing a strong desire to innovate in using blockchain technology so that can compliment its existing infrastructure and business like it is doing for SONY’s strongest competitor Samsung. SONY’s consumers and partners will experience benefit of better and faster services at an optimized price eventually.
