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100 Japanese Firms Adopt Blockchain Technology for Data Sharing

Per sources close to the matter, Japanese multinational Mitsubishi Electric, Yaskawa Electric, DMG Mori, and 97 other firms are set to begin sharing production data securely with each other via blockchain technology

Reportedly, Manufacturers previously guarded data gathered at their factories jealously to prevent their direct competitors from taking advantage of the highly valuable information.

However, these firms now believe that the secure sharing of their production data could be of immense benefit, and they are now looking to harness the immutability property of DLT to share data between themselves securely.

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#Blockchain #Japan


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