Blockchain & Cryptocurrency

Fujitsu to Adopt IOTA as New Protocol Standard

The Infinite Brief
Japan’s multinational technology company Fujitsu has announced plans to work with Germany-based IOTA (MIOTA) to make it the new protocol standard.

In an official notice released on Friday, Fujitsu explained the use of IOTA-focused blockchain as an immutable data storage medium for its audit trail process.

The initiative sees the Japanese tech giant utilizing the IOTA protocol as a data storage medium for use within production and supply chain management, thus enabling better transparency, data trust and data security.

The notice further outlines a proposed cryptographic ID system for product components and their production status that would be connected via nodes on IOTA’s Tangle protocol and hosted by Fujitsu.

Curated from Cryptovest

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