Fujitsu ConnectionChain

In November, 2017 the Fujitsu company announced the technology integrating different a solution blockchain for implementation of exchange transactions and payments within different cryptocurrencies.

It is about the platform under the name ConnectionChain which developers call the tool for safe interaction several a blockchain systems to make them compatible for accomplishment of transactions and payments in different cryptocurrencies. Fujitsu speaks, the growing demand for exchange of cryptocurrency between individuals and the companies and also rapid market development of primary offers of coins (ICO) promoted development of this platform.

The possibility of calculations between virtual currencies by means of a blockchain requires the reliable application for carrying out exchange processes on borders of distributed systems and also ensuring transparency of process, said in the statement of the Japanese IT giant.

ConnectionChain represents expansion of technology of smart contracts which allows to interact different a blockchain-sistmam, writing the connected transactions in each chain on a separate blockchain, or "the connecting chain", integrating process of a currency exchange in uniform transaction which can be automated.

Also the technology of control of transactions was developed for time synchronization of accomplishment of processes on each chain. With these technologies the transparency of transactions as all processes are consistently written on the connecting blockchains can be guaranteed, even when they cross a set of chains, note in Fujitsu.

The company already carried out successful tests of ConnectionChain in the course of exchange of different cryptocurrencies where all way of transactions was written on the connecting blockchain. It is expected that the provided tool will simplify payments in different regional currencies. The company is going to release ConnectionChain on the broad market in 2018.^[1]

You look also the Blockchain and cryptocurrency

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