Fujitsu launches Web3 acceleration platform for startups and partner companies

Published at: Feb. 8, 2023

The Japanese-based multinational tech company Fujitsu announced the launch of a new platform on Feb 8, designed to support Web3 developers worldwide. 

According to a report by the Fintech Times, Fujitsu’s Web3 Acceleration Platform seeks to provide a development environment, blockchain-based service APIs, high-computing technologies, simulations, AI, combinatorial optimization, for start-ups, partner companies, and universities building Web3 applications and services.  

The company said its platform aims to support the creation of a diverse ecosystem of Web3 applications across a range of use cases, such as digital content rights management, business transactions, contracts, and processes. It will also offer free access to select participants in its global partner program, the Fujitsu Accelerator Program for CaaS. From March 2023, program partners can access the platform in Japan, while the company plans to expand its availability globally later in the year.

Fujitsu outlined three key themes for its Web3 platform, including "the realization of a co-creation society through decentralized autonomous organizations (DAOs), rights management and utilization of digital content, and the realization of digital trust." To support the development of its new platform, Fujitsu plans to hold a global planning and development contest, aimed at building and implementing DAO communities and creating new Web3 services.

Related: Cronos Labs to accept second cohort for $100M-backed Web3 accelerator program

Web3-based accelerator programs have grown over the past year. As previously reported by Cointelegraph, Web3 accelerator Beacon recently completed its first cohort with 13 companies graduating and showcasing their blockchain-based startups. The cohort, named "Cohort 0", began in October with 15 companies across the DeFi, gaming, and infrastructure subsectors of cryptocurrency. 

On Jan 31, Cointelegraph also reported that blockchain startup accelerator Cronos Labs had announced the opening of applications for its second cohort of the $100 million-backed Cronos Accelerator Program.

Cointelegraph reached out to Fujitsu for a comment, but has not receive a response at time of publication.

Tags
Technology
Blockchain
Business
Developers
Web3
Security
Data
Related Posts
Organizations look toward multiparty computation to advance Web3
Protecting user data and private keys is crucial as Web3 advances. Yet, the number of hacks that have occurred within the Web3 space in 2022 alone has been monumental, proving that additional security measures, along with greater forms of decentralization, are still required. As this becomes obvious, a number of organizations have started leveraging multiparty computation, or MPC, to ensure privacy and confidentiality for Web3 platforms. MPC is a cryptographic protocol that utilizes an algorithm across multiple parties. Andrew Masanto, co-founder of Nillion – a Web3 startup specializing in decentralized computation – told Cointelegraph that MPC is unique because no …
Decentralization / Aug. 16, 2022
Oracle wants to bring blockchain to the masses through a crypto-secure data offering
While blockchain is known for bringing trust and transparency to multi-party workflows, it can also ensure the immutability of business-critical data. Realizing this potential, technology giant Oracle has announced a crypto-secure data management offering that will be provided as a free feature for Oracle converged database users. Juan Loaiza, executive vice president, Mission-Critical Database Technologies at Oracle, told Cointelegraph that it’s become apparent that customers deploying blockchain solutions often do not require the full capabilities of these implementations. Loaiza also pointed out that the complexity of introducing a completely new technology stack into an IT environment can be burdensome. Blockchain …
Technology / March 3, 2021
Digital identity platform integrates with zkSync for on-chain KYC
RNS.id, a digital Web3 identity platform developed to support the application and issuance of sovereignty-backed IDs, announced on Nov. 30 that it is integrating with zkSync for on-chain KYC. RNS.ID indicated in a release shared with Cointelegraph that its on-chain KYC solution is designed on a “privacy engine” to encrypt users' identity attributes or properties into different “hashed slices” with multiple signature verifications. RNS.ID aggregates users’ fragmented identity properties data and uses ZK-proofs to generate encrypted proofs from metadata. Additionally, the company stated that RNS.ID enables users to create their own "minimal disclosure identifying information system" for constrained usages, thereby …
Technology / Nov. 30, 2022
DeFi platforms can comply with regulations without compromising privacy — Web3 exec
Decentralized finance (DeFi) has been a rapidly growing sector of the cryptocurrency industry, but it has also faced significant regulatory challenges. With regulators struggling to keep up with the pace of innovation, the lack of clarity around regulations tends to create uncertainty for DeFi projects. Cointelegraph spoke to Alastair Johnson about regulatory challenges facing the DeFi industry. Johnson is the CEO of an identity “super-wallet” called Nuggets that seeks to deliver verified self-sovereign decentralized identities to users. He said that one of the main regulatory challenges is DeFi platform anonymity, which makes it difficult to comply with Anti-Money Laundering (AML) …
Decentralization / Feb. 16, 2023
Provenance Blockchain Foundation announces $50M in grants for blockchain development
Provenance Blockchain Foundation has announced a $50 million grant program for blockchain developers to support the development of regulated financial services on blockchain. The grant program promise to award $50 million in HASH, which is the native token on Provenance Blockchain, to developers who build core services and experiences that enable the full digitally-native lifecycle of regulated financial assets on blockchain technology. Developers will be evaluated based on a range of factors, including their ability to contribute to asset perfection, asset origination, on/off ramps, security, compliance, wallets, identity, developer tools, and new financial asset use cases. All projects that are …
Technology / March 1, 2023