Japanese multinational and the world’s fifth-largest IT services provider, Fujitsu has announced that it will be integrating IOTA into its manufacturing and supply chain verticals. The company explained the use of IOTA-focused blockchain as a data storage medium for use within these verticals to enable and ensure better transparency, data trust, and data security.
Calling it ‘Industry 4.0 Co-Create With Fujitsu’, the company outlined the proposed cryptographic ID system or product components and their production status that would be connected via nodes on IOTA’s Tangle protocol and will be hosted by Fujitsu.
Source: chepicap.com
“Fujitsu is well-equipped to help roll out IOTA as the new protocol standard as we are experts in both IT services and the manufacturing of IT products,” said Leopold Sternberg, Program Manager of Industry 4.0 at Fujitsu. “Product quality is a critical success factor for the Manufacturing Industry. Assembled products can consist of hundreds of components and their production is based on complex processes. For audit trails in industrial production environments and supply chains IOTA provides a single source of truth.”
The official release also mentioned the possible deployment of Identity and Access Management by combining Fujitsu PalmSecure Palm Vein Pattern Recognition Technology and the IOTA Tangle.
The Fujitsu announcement has had an impact at the market too, where the news escalated the price of MIOTA from around $0.50 on Friday to more than $0.60 on Monday, a 13% surge. IOTA recently also released the public beta of its new Trinity wallet which spent months in its testing phase.
With plans to work together with Fujitsu, the German distributed ledger technology (DLT) will be focusing on tackling the challenges of increasingly data-intensive manufacturing and supply chains which demands an efficient building trust in processes’ and products’ quality and integrity.