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HomeNewsSoramitsu Open Sources Blockchain Platform "Iroha" - Offers Code to Linux Foundation's...

Soramitsu Open Sources Blockchain Platform “Iroha” – Offers Code to Linux Foundation’s Hyperledger Project

Japanese Blockchain company Soramitsu  has just  announced today the open sourcing and proposal of a distributed ledger technology (Blockchain) platform called “Iroha” to the Hyperledger Project, an open source Linux Foundation collaborative project for the enhancement of Blockchain and distributed ledger technology.

Soramitsu made the proposal of Iroha to Hyperledger from Geneva, today, on September 26, 2016, and the proposal is jointly sponsored by leading Japanese technology firms, including NTT DATA Corporation (14.6 billion USD (2016). 

Soramitsu is a Japanese fintech startup, focusing primarily on creating a digital identity platform using Blockchain technology, and is a member of the Hyperledger project. Soramitsu has commenced development of derivative insurance contracts using Blockchain technology, such as weather derivatives, together with Sompo Japan Nipponkoa Holdings, Inc., a leading insurance company.

Soramitsu also has created a joint research project with The University of Tokyo, The University of Aizu, and the Center for Global Communications (GLOCOM) of the International University of Japan, to study the economics of local currencies and their effects on regional development in the area around Aizu, in Fukushima Prefecture, Japan, and will include experiments using local currencies running on Iroha.

In addition, Soramitsu and Rakuten Securities, Inc., have announced that they are working together to develop a KYC [2] system using Blockchain technology.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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