Fujitsu and SettleMint Enter Global Strategic Agreement to Accelerate Enterprise Blockchain Technology

Fujitsu and SettleMint Enter Global Strategic Agreement to Accelerate Enterprise Blockchain Technology

TOKYO, 25 November 2022 – (JCN Newswire) – – Fujitsu Limited and SettleMint announced today that they have entered into a global strategic agreement to accelerate the digital transformation (DX) of Fujitsu Enterprise Blockchain and Track and Trust Solutions. To initiate co-creation activities, Fujitsu has made a strategic investment in SettleMint through a fund managed by the subsidiary. Fujitsu Ventures Limited.

SettleMint and Fujitsu Limited decided to collaborate and accelerate the development and promotion of use cases to solve societal challenges and contribute to the realization of a shared vision of creating a sustainable world and solving social problems through innovation.

Under the agreement, Fujitsu will also use the SettleMint high-performance low-code Blockchain platform for customers in Japan and globally as part of the solution portfolio of Fujitsu Uvance Digital Shifts. Fujitsu will also provide professional services to help SettleMint customers develop and operate new systems, as well as modernize their existing systems by leveraging the breadth and depth of knowledge built up in the Enterprise Blockchain and Track and Trust Solutions team of Fujitsu Uvance Digital Shifts.

SettleMint and Fujitsu will work together to provide joint use cases, technology roadmaps and solutions that draw on the digital experiences and solutions of both companies, including traceability solutions, reliable data processing, analytics and advanced data transparency using blockchain technology.

“Our goal at SettleMint is to accelerate blockchain adoption for every organization, empowering them to innovate without barriers,” comments Matthew Van Niekerk, Founder and CEO, SettleMint. “Partnering with Fujitsu will allow us to expand our reach and provide even greater value to customers around the world.”

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Frederik De BreuckHead of Fujitsu Track & Trust Division adds: “The rapid way to build, launch, integrate and monitor blockchain implementations with a high-performance low-code development environment of SettleMint fits into our portfolio strategy in the enterprise blockchain space. In recent years, both teams have already collaborated on projects such as our AB InBbev 100% Transparency project. The way of working and the co-creation mindset on both technology and business topics is a recipe for success.”

From an industry perspective, this collaboration offers the potential to accelerate Fujitsu’s experience, depth and customer base in multiple industry verticals, including manufacturing, financial services, public sector, healthcare and telecommunications.

The new global partnership builds on both companies’ work on reliable data, traceability, ESG and sustainability challenges in Europe, Japanand the rest of the world, including efforts to better manage and understand the impacts on customers and their increasingly complex ecosystems.

About SettleMint

SettleMint is a high-performance low-code blockchain application development platform that empowers engineering teams to build, integrate and launch applications on web3 infrastructure. SettleMint is the answer to moving quickly and easily from use case concept to business case realization at a fraction of the time and risk than some other solutions can offer.

The SettleMint platform makes it easy for IT teams to deliver blockchain applications quickly, by taking a visual development approach to deploy nodes, create new or customize smart contract templates, integrate end-user applications, and program complex and data integration flows with the 4,000+ pre-builts. , fully configurable contacts. The platform includes a suite of ready-to-use tools, frameworks, templates and APIs to accelerate the development of any blockchain application.

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About Fujitsu

Fujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to solve some of the biggest challenges facing humanity. Our range of services and solutions is built on five key technologies: computing, networking, artificial intelligence, data and security and converging technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated earnings of 3.6 trillion yen (32 billion dollars) for the closed financial year 31 March 2022 and is still the best company in digital services Japan by market share. Find out more: www.fujitsu.com.

About Fujitsu Ventures

Fujitsu Ventures is a 100% subsidiary of Fujitsu Limitedand was established it 1 March 2021 as part of the Fujitsu Group’s growth investments for the purpose of managing CVC funds that invest in startups and other businesses. www.fujitsu.com/jp/group/fjv/en/

Copyright 2022 JCN Newswire. All rights reserved.

© Japan Corporate News, source JCN press releases

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