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Hitachi Solutions Unveils Web3 Development Support, Joining Sony in Blockchain Push

Published
Kurt Robson
Published
By Kurt Robson
Edited by Insha Zia
Key Takeaways
  • Hitachi Solutions is providing companies with a service to get up and running with everything Web3.
  • The Japanese company is looking to catch up with other tech giants already exploring blockchain.
  • Hitachi’s venture capital arm announced in 2023 that it wanted to spend more money on Web3 tech.

Hitachi Solutions has announced it will provide a streamlined and accessible pathway for companies to adopt Web3.

The move comes as the Japanese multinational conglomerate looks to further bolster its standing in the blockchain industry, as other major companies like Sony already soar ahead.

Web3 Solutions for Business

Hitachi Solutions is providing companies with a service to set them up with everything they need to utilize Web3.

“We offer programs to meet the needs of everyone from those who are new to Web3 and blockchain to those who want to conduct verification for commercialization,” the company wrote in a blog post. 

In a range of new business solutions, the company’s Web3 development support will offer assistance with training, technical support, infrastructure selection, and aid with application development.

The Japanese company, which has begun investing in blockchain tech over the past two years, highlighted supply chain management and digital asset distribution as key benefits of Web3 integration.

“We realize logistics that firmly protects genuine products without allowing counterfeits to get involved,” the company wrote.

Hitachi’s Web3 Focus

Much like Sony’s recent release of its Soneium blockchain, Hitachi has been making major strides in bolstering its commitment to Web3 tech.

Hitachi Ventures announced  last year it was looking to spend more of its cash on Web3 and AI technologies.

The venture capital arm of Hitachi raised a new $300 million last year, doubling its spending power to $600 million.

“The newly established third fund will realize collaborative creation with startups that have cutting-edge technologies such as Web3 and generative AI technologies,” CEO Keiji Kojima said.

In December 2023, Hitachi Solutions partnered  with the Concordium Foundation to conduct a proof of technology on the Concordium blockchain.

The partnership aimed to utilize zero-knowledge proof-based identity frameworks within the blockchain on smartphones and other devices. This would allow users to engage in internet activities without the need to compromise any sensitive data.

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