Blockchain Will Change the World
Blockchain and distributed ledger technology (DLT) will bring our social infrastructure to a whole new level. With these technologies, we can build a data sharing platform with which original data is shared and verified by multiple systems, not by a single company or government, providing an extremely high level of transparency and tamper resistance. The original data becomes accessible to anyone at any time—creating a “ubiquitous original.” With these possibilities, we will create a totally new social infrastructure.
Blockchain CoE (Center of Excellence)
NTT DATA established the Blockchain CoE (Center of
Excellence) in 2017. The CoE works to gather all use cases
and commercialization analyses from overseas affiliates in
order to utilize them as a whole group. We are working with
affiliates in more than 20 countries to explore applications
of blockchain technology in a wide range of fields such as
finance, manufacturing, and the public sector.
Our Experience in Social Infrastructure
NTT DATA has a long history of building and operating
social infrastructure in public and financial sectors such
as trade, banking, and insurance. With our wealth of
blockchain knowledge and rich experiences in building social
infrastructure, we are creating new social mechanisms.
Internationally Recognized Excellence
In the Blockchain Services PEAK Matrix Assessment
2019, published by market research firm Everest Group,
NTT DATA was acclaimed as a leader in blockchain
technology.
Digitalizing the World of Trade
Running the trade business is highly complicated, involving many different types of participants
exchanging a variety of documents across borders. It was considered impossible to digitalize with
existing technologies. Blockchain will make this possible and bring new value to all users. Within the trade industry, information is transferred
among numerous institutions such as cargo owners,
shipping companies, logistics companies, banks,
insurance companies, and customs and import/export
authorities. It can appear like a worldwide “telephone
game” where data gets pushed through an intricate
web of networks across the globe. With information
fragmented among systems, constant and inefficient data
transcription, and risks due to document tampering, so
many problems remain unsolved in the industry.
With blockchain technology, we aim to build a platform
with which all participants can share information and
drastically streamline all the vast and complicated
processes. We will revolutionize the trade business in all
aspects: security, efficiency, traceability, transparency,
and collaboration.