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 digitalised 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 digitised 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 digitised assets which provides indisputable visibility and traceability over each digital asset.
Frederik De Breuck, Head of Fujitsu’s Blockchain Innovation Centre 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 unauthorised 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 authorisation 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 firstname.lastname@example.org.
About Fujitsu and Blockchain:
In March 2018, Fujitsu opened a Blockchain Innovation Centre 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 Centre 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 centre 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 Centre symbolises 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 http://www.fujitsu.com.
About Fujitsu UK and Ireland
Fujitsu UK & Ireland employs over 9,000 people. We promote a Human Centric Intelligent Society, in which innovation is driven by the integration of people, information and infrastructure. We are committed to Digital Co-creation, blending business expertise with digital technology and creating new value with ecosystem partners and customers. We enable our customers to digitally transform with connected technology services, focused on Artificial Intelligence, the Internet of Things, and Cloud - all underpinned by Security. Our customers cover both the public and private sectors, including retail, financial services, transport, manufacturing, government and defence. For more information please see http://uk.fujitsu.com
Date: 22 August, 2019