Fujitsu along with subsidiary Fujitsu Laboratories and Mizuho Bank announced in March 2016 that they jointly conducted a trial using blockchain technology to reduce the processing time for cross-border securities transactions, from the current three days to same-day settlement. The trial took place from December 2015 and February 2016.

Within Fujitsu’s cloud environment and using the Open Assets Protocol, the three companies developed a “blockchain-forming system” that recorded the information from a confirmation as one linked block. The confirmation matches trading information including securities name, quantity of securities, currency code, amount, country of settlement, settlement type, and settlement date.

Fujitsu is also a member of the Linux Foundation’s Hyperledger Project.