Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 10 July 2017, 11:38 HKT/SGT
Share:
    

Source: NEC Corporation
NEC Joins Hyperledger to Advance Blockchain Technology

TOKYO, July 10, 2017 - (JCN Newswire) - NEC Corporation (TSE: 6701) announced that it has joined Hyperledger as a Premier member, emphasizing NEC's commitment to leverage its innovative research to both advance blockchain technology as well as its global adoption.

Hyperledger is an open source collaborative effort created to advance blockchain technologies and services around the globe by addressing important features for a cross-industry open standard for distributed ledgers.

Recent years have seen an increasing focus on devising novel secure and scalable blockchain platforms that address the needs of many industrial use cases. NEC has been leading academic research on blockchain security since the introduction of the Bitcoin system.

In December 2016, NEC Laboratories Europe released, together with Aalto University, a novel blockchain consensus technology based on Byzantine fault tolerant protocols. This technology builds on hardware-based trusted execution environments and combines their use with lightweight secret sharing. NEC's technology can achieve a throughput over 100,000 transactions per second - making it the world's fastest and most scalable Byzantine fault tolerant protocols to date.

"NEC's global reach will be a huge asset, as we continue to grow the commercial ecosystem for Hyperledger technologies," said Brian Behlendorf, Hyperledger Executive Director. "We welcome NEC and look forward to collaborating with them to help develop an open, distributed ledger technology that makes business processes transparent and solves interoperability across many industries."

"NEC is promoting the transformative benefits of blockchain technology and advancing its adoption by contributing our expertise and knowledge to the Hyperledger community," said Dr. Juergen Quittek, Vice President at NEC Laboratories Europe.


Contact:
NEC 
Seiichiro Toda         
s-toda@cj.jp.nec.com 
+81-3-3798-6511


Topic: Press release summary
Source: NEC Corporation

Sectors: Enterprise IT
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


NEC Corporation Links

http://www.nec.com

https://www.facebook.com/nec.global/

https://twitter.com/NEC_corp

https://www.youtube.com/user/NECglobalOfficial

https://www.linkedin.com/company/nec/

NEC Corporation
Sept 30, 2025 18:52 HKT/SGT
Ouribank Signs Agreement with NEC to Implement AI-Native Data Center and Campus Network from HPE Juniper Networking for Enhanced Operational Efficiency
Sept 29, 2025 15:24 HKT/SGT
NEC Releases Third Edition of TNFD Report
Sept 26, 2025 20:20 HKT/SGT
NEC Launches 25Gb/s SFP28 Bi-directional Optical Transceiver Capable of 80km Transmission
Sept 24, 2025 13:43 HKT/SGT
Meta, SoftBank Corp., IPS, TM, XLSmart, and NEC to build the Candle Submarine Cable System, Intra Asia, 24-Fiber Pair Optical Submarine Cable, Connecting Japan to Singapore
Sept 19, 2025 18:00 HKT/SGT
MOTER Technologies and NEC Form Strategic Capital Alliance to Advance the Future of Mobility Through Digital Innovation
Sept 16, 2025 13:00 HKT/SGT
NEC Publishes ESG Initiatives Supporting Sustainable Growth of Companies and Society in "ESG Databook 2025"
Sept 12, 2025 14:08 HKT/SGT
The University of Osaka D3 Center Commences Operation of New Computing and Data Infrastructure Built by NEC
Sept 5, 2025 10:20 HKT/SGT
NEC participates in Locked Shields 2025 hosted by the NATO Cooperative Cyber Defence Centre of Excellence
Sept 4, 2025 10:15 HKT/SGT
NEC to begin proof of concept for early earthquake detection and analysis in Colombia
Aug 27, 2025 21:57 HKT/SGT
NEC develops AI technology for digitalizing work tasks without the need for pre-training and utilizing video from multiple cameras covering wide area worksites
More news >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: