Japanese telecommunications giant Fujitsu will launch a Web3 acceleration platform based on blockchain technology on June 30th.

According to BlockBeats news on June 15th, as reported by Forkast, Japanese telecommunications giant Fujitsu announced in a press release on Thursday that it will launch a new blockchain-based cross-border collaboration platform, the "Fujitsu Web3 Acceleration Platform," on June 30th, after completing a one-year pilot test. It uses blockchain technology to connect transactions in different economic regions. It is reported that the completed pilot test used Fujitsu's blockchain technology called ConnectionChain, which focuses on improving cross-border settlement of securities in regions such as Japan, China, South Korea, and other Southeast Asian countries. The pilot project was launched in January 2022 and was carried out in collaboration with the Asian Development Bank based in the Philippines, blockchain infrastructure company ConsenSys, digital financial solutions company R3, and Tokyo-based technology company Soramitsu.