Fujitsu Leverages Blockchain to Tackle Fraud and Piracy of Digital Assets
- Fujitsu customers deploying the DocumentFlow enterprise blockchain app can track and verify the legitimacy of any digital asset
- Fujitsu’s blockchain-as-a-service portfolio also being extended by InvoiceFlow, an application to reconcile invoices with purchase orders
- By leveraging the immutable levels of trust within Digital Ledger Technology, Fujitsu helping enterprises ensure trust with stakeholders
As businesses become smarter and more connected, they are increasingly challenged to control and manage vast amounts of accumulated data. The significant value of this digitalized data means that trust is an increasingly crucial factor. Fujitsu is leveraging blockchain’s Distributed Ledger Technology (DLT) to help businesses establish trust, as DLT provides an immutable, permanent record that cannot be altered and provides all participants and users with proper evidence that an asset is genuine, even at bit level.
Blockchain-based notary service on all digitized assets
Fujitsu DocumentFlow drastically reduces instances of document fraud or piracy, as it can track where a digital file is manipulated, unlawfully copied or simply to check that an asset is the latest and agreed version. The technology works on any digital file type, providing a clear audit trail to validate anything from a university graduation certificate to an engineering drawing file. DocumentFlow can immediately flag and label any alterations, and help trace distribution and changes to copyrighted or protected corporate and governmental materials. DocumentFlow registers what happens to data via an immutable audit log, which also facilitates verifications and audits. Fujitsu DocumentFlow uses blockchain to provide a notary service on digitized assets which provides indisputable visibility and traceability over each digital asset.
Frederik De Breuck, Head of Fujitsu’s Blockchain Innovation Center in Brussels, comments: “By using an immutable record combined with automated tracing, it is possible to gain immediate insights into any changes to a digital document of any kind. For example, the removal of DRM on a copyrighted media file, changing a value in a spread sheet or a proposal, or any unauthorized changes to something like a CAD file, which could have unexpected consequences further down the line. This enables businesses to have complete confidence in any digital file – and helps stop fraudulent use, since it’s easy to see that a file has been manipulated. Just like a security seal helps reassure consumers in the grocery store that products are sealed and have not been tampered with, we are helping provide confidence for all file types in the digital world. Fujitsu is enabling people to have more confidence in the data they work with. We’re using blockchain technologies to enhance and complement existing technology solutions, providing a trusted digital signature.”
Introduced earlier this year, the Fujitsu InvoiceFlow service enables enterprises and government agencies avoid, or even eliminate, the very real issue of accidental data processing error and to tackle the growing problem of invoice fraud. Now commercially available, the service uses DLT-based technology to verify and validate the invoicing process, linking invoice and purchase order data, from the creation of an invoice to its authorization for payment.
Fujitsu offers InvoiceFlow and DocumentFlow as on-premises solutions or as-a-service running on any cloud platform. They complement Fujitsu’s services designed to help customers deploy scalable, secure, business-ready blockchain and DLT solutions from consulting, development, applications, infrastructure and managed services to cloud, software and standalone solutions.
Pricing and availability
The Fujitsu InvoiceFlow and DocumentFlow as on-premises solutions or as-a-service running on any cloud platform are available immediately in EMEIA, with prices starting at 15 Euro per user per month as entry point pricing. Customers can request an offer via their in-country sales contact or via email@example.com
About Fujitsu and Blockchain:
In March 2018, Fujitsu opened a Blockchain Innovation Center in Brussels, Belgium with the aim of developing the potential of blockchain beyond financial services as a new architecture for information systems and sectors of all kinds. To do this the Center will undertake research with external partners and collaborate on specific projects to explore the technology’s potential and limitations. The initial blockchain R&D project at the center focuses on ‘Blockchain as enabler of services in the context of Smart Cities’, and is being conducted in collaboration with Innoviris, the Brussels institute for the encouragement of scientific research and innovation.
Although the initial focus is on Smart Cities, the goal is to deliver scalable, secure, business-ready blockchain and DLT solutions in a wide variety of industries and bring Japanese research to EMEIA market. The Center symbolizes and illustrates Fujitsu’s structural commitment to blockchain and other Distributed Ledger Technologies (DLT).
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 132,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.0 trillion yen (US $36 billion) for the fiscal year ended March 31, 2019. For more information, please see www.fujitsu.com.
About Fujitsu EMEIA
In Europe, the Middle East, India and Africa, Fujitsu works with a growing ecosystem of partners, customers and local communities to create a ‘Human Centric Intelligent Society’ that is inclusive, sustainable and trusted. Our 28,000-strong workforce develops leading-edge digital solutions that address global business and societal challenges while also generating value for customers, helping accelerate their transformational journeys by harnessing the power of co-creation through our unique Human Centric Experience Design (HXD) methodology. For more information, please visit http://www.fujitsu.com/fts/about/.
All other company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 22 August, 2019