Utilizing blockchain, Soramitsu has developed a digital currency infrastructure backbone for the
National Bank of Cambodia; CBDC PoCs 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; and an identity-verification system prototype for Bank Central Asia in Indonesia.
Soramitsu was 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 securities 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);
Zenswap—a joint venture with Analog; the
SORA crypto-economic system; the
Polkaswap DEX; and the DeFi wallet
Fearless Wallet.
Soramitsu is the developer and a major contributor to the open-source blockchain platform
Hyperledger Iroha, a project of the
Linux Foundation Decentralized Trust, tailored for enterprise and public-sector use.
Soramitsu continues to deploy cutting-edge technology on a global scale to expedite financial inclusion and fulfillment of the Sustainable Development Goals, and to mitigate economic inefficiencies.