How Sony Keeps Innovating With Blockchain Technology

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Sony Corporation (Sony) has been at the forefront as the world’s leading innovator for years. This has resulted in Sony owning the largest music business through Sony Music Entertainment, operating the largest video game console business and being the leader in video game publishing business. This isn’t surprising as Sony has been a household name since the early ‘90s and their current position at the top is just Sony’s natural spot. The Japanese company is heavily invested in several new technologies including blockchain and AI, and the speed at which their testing and investments in the space are rolled out is remarkable.

Last week it was announced that Sony have developed a high-speed processing technology that facilitates data transactions for a new breed of database platform called Blockchain Common Database (BCDB). The work was done as part of a transportation-focused Mobility as a Service (MaaS) initiative led by the Netherlands Ministry of Infrastructure and Water Management back in 2019. What makes this technology interesting is that they have achieved successful execution and storage of seven million transactions per day, simulating a real-world scenario where buses, cars, bikes and taxis all share their location and other metrics.

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Of course, Sony is no stranger to investing in the blockchain space. In 2018 they announced that they are working on a platform that will control and manage digital content and rights. They have also created a portal for managing educational course records and transcript management through blockchain, an initiative conducted by Sony Global Education along with Fujitsu.

Since Japan has been one of the first countries to recognize the value of digital assets and begin creating a positive regulatory framework toward cryptocurrencies and specifically bitcoin as early as 2017 we have seen a lot of blockchain and digital assets investments coming from the Far East. Sony, through their investments arm Sony Financial Ventures (SFV), have participated in the latest funding round of the Securitize platform. This platform, which specializes in digital securities, has a strong connection to Japan and Asia but their roadmap is focused globally.

With all the work and investments they are putting into the enterprise blockchain space, Sony will be a strong contender for next year’s 2021 Blockchain 50 list. The list has already welcomed the presence of one of Sony’s competitors, Samsung. Overall, Sony is showing a strong desire and willingness to innovate in using blockchain technology for supplementing their existing infrastructure and business use cases. From those efforts, the net winners will be their consumers and partners, who will benefit from access to better and faster services at an eventually optimized price.

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I am an enterprise blockchain architect based in New York. I have deep technical expertise in blockchain and DLT protocols and systems. My coverage includes weekly round-up of enterprise blockchain developments. Previously, I co-founded BlockEx which developed several financial services products including an innovative Digital Asset Exchange Platform with bonds issuance capabilities.

Source: https://forbes.com

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Check out a written version of this script on our website: https://blockchain.wtf/2018/05/series… Business on the Blockchain is a new series aimed at keeping you up to date on all of the big business moves towards blockchain technology. More and more businesses are exploring cryptocurrencies and blockchain, and we’re here to help you understand how some of these businesses are making this transiton. It’s an exciting time for blockchain adoption, check out which businesses are jumping onto the wave! Sony has been one of the most popular consumer technology brands for a good while now. They are Japanese based, but no matter where you live, you’ve likely heard of htem. Whether it be the Walkman or the Playstation, Sony has long cemented itself as giant in technological innovation over the span of several decades. They are constantly trying to create technology that will address today’s problems. The issue that Sony has turned to the blockchain to solve: Representing digital rights. On April 26th a patent was published, and it revealed that Sony had applied to use blockchain technology as a means of tracking digital rights. They have named it the Blockchain-Based Digital Rights Management (DRM) By implementing an immutable blockchain, ownership could be imprinted via transaction, permanently placing this information across multiple nodes. Reach out and sign up for our mailing list at: https://blockchain.wtf/contact-us/ Interact with us on social media and stop by our website: * Website: https://blockchain.wtf * https://twitter.com/blockchainwtf * https://facebook.com/blockchainwtf * https://steemit.com/@blockchainwtf * https://medium.com/@questions.blockch…

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