Soramitsu Expands Use of Hyperledger Iroha 2, an Innovative Open-Source Blockchain Framework

Soramitsu is an award-winning global financial technology company with expertise in developing blockchain-based solutions for digital asset and identity management. Our mission is to use blockchain to promote innovation and solve pressing societal challenges.

Utilising blockchain, Soramitsu has developed a digital currency infrastructure backbone for the National Bank of Cambodia, CBDC Proof-of-Concepts with the Bank of the Lao PDR, the Central Bank of Solomon Islands and the Bank of Papua New Guinea, a blockchain-based digital savings bond system Palau Invest in collaboration with the Government of Palau, a closed-loop payment system for the University of Aizu in Japan, an identity verification system prototype for Bank Central Asia in Indonesia, shortlisted in the Monetary Authority of Singapore CBDC Challenge, participated in Asia-Pacific's first proof-of-concept test of a cross-border multi-currency security settlement system using distributed ledger technology with the Asian Development Bank, and in collaboration with the Risk Assurance Group and Orillion Solutions developed the technology core of the Fraud Intelligence Blockchain.

Soramitsu is a contributor to many open source projects, such as Klaytn (now Kaia), South Korea's leading Layer-1 blockchain; Zenswap, a cross-chain liquidity platform being developed by Soramitsu as a joint venture with Analog; the SORA crypto-economic system; the Polkaswap DEX; and the DeFi wallet, Fearless Wallet. Soramitsu also collaborated with Filecoin to develop FUHON, a C++ implementation of their protocol; and with the Web3 Foundation to develop KAGOME, the C++ Polkadot Host implementation. In addition, Soramitsu is the developer of and major contributor to the open-source blockchain platform Hyperledger Iroha, a project of Hyperledger Foundation, now part of the LF Decentralized Trust, tailored for enterprise and public-sector use. As founding contributors to the Hyperledger Project, Soramitsu is building the digital infrastructure of the future.

Based on these experiences, Soramitsu continues to deploy cutting-edge technology on a global scale in order to expedite financial inclusion and health, mitigate economic inefficiencies, and contribute to the fulfilment of the Sustainable Development Goals.