- Collaborating with the Incubation & Innovation Initiative -
TOKYO, Apr 26, 2016 - (ACN Newswire) - NEC Corporation (NEC; TSE: 6701) today announced the establishment of the "Blockchain Workshop" as part of the Incubation & Innovation Initiative (III), a cross-industrial consortium that includes NEC, Sumitomo Mitsui Banking Corporation and The Japan Research Institute, Limited.
NEC has been a member of III since its establishment in February 2016. The Blockchain Workshop studies the properties of Blockchain technology in order to maximize its utilization. Blockchain technology involves the use of encryption technology that is attracting attention due to its application in areas that include financial transactions and stock exchanges. Blockchain technology dispersion manages and synchronizes account book information such as transaction history, thereby helping to ensure that account books cannot be falsified. By the end of the first half of the 2016 fiscal year, the use of Blockchain technology is expected to be verified in an evaluation environment.
"Blockchain technology may be applicable to a wide range of industries," said Fumiaki Matsubara, senior vice president, Business Innovation Unit, NEC Corporation. "NEC's collaboration with III, whose members possess a variety of specializations, is expected to accelerate open innovation and to support reforms in finance and many other industries."
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.
Based on its Mid-term Management Plan 2015, the NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit http://www.nec.com/en/global/about/solutionsforsociety/message.html.
Source: NEC Corporation
Contact:
NEC Seiichiro Toda s-toda@cj.jp.nec.com +81-3-3798-6511
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