FUJIFILM Business Innovation Hong Kong and Red Date Technology Collaborate to Enhance Enterprises Access to Public Blockchain Services
HONG KONG, JANUARY 12, 2023 – FUJIFILM Business Innovation Hong Kong (FUJIFILM BI HK) and Red Date Technology, the architect of the Blockchain-based Service Network (BSN), will collaborate to enable Hong Kong enterprises to benefit from public blockchain technology, the two companies announced today.
As a trusted ICT partner specializing in document management and consultancy, FUJIFILM BI HK can help enterprises tokenize digitally signed documents and mint semi-fungible tokens (SFTs) leveraging the BSN Spartan Network. The collaboration aims to tackle the authenticity challenge of documents and automate business processes for enterprises in Hong Kong.
Built by Red Date Technology to bring public blockchain infrastructure to business users, the BSN Spartan Network is a global decentralized cloud service network that consists of non-cryptocurrency public chains for enterprise uses and utilities, without any speculative elements. This means that cryptocurrency-driven price fluctuation is eliminated, and pricing becomes predictable. Companies can then easily integrate blockchain into their traditional clouds, data centers and intranets with effective cost management.
The enormous opportunities of public blockchain commercialization, including smart contracts, are realized via the joint effort of FUJIFILM BI HK and Red Date Technology. The beta testing of document tokenization attracted other business partners of the BSN Spartan Network to exercise the proof of concept (PoC) together, including a global retail banking leader. This completed project demonstrated the automation of payment execution, payment notification and contract termination after SFTs were minted from smart contracts, yielding significant benefits in information security, process efficiency and transaction costs. This application will be suitable for different documents in the future, for example, leasing, insurance, shipping, and trade finance.
Mr. Tatsuya Nakamura, Managing Director of FUJIFILM Business Innovation Hong Kong, said, “We are committed to helping enterprises go beyond digital transformation and extract value from new technologies. As one of the first IT services companies in Hong Kong to be involved in public blockchain, we are partnering with Red Date to explore the potential of this exciting innovation for our customers.”
Mr. Yifan He, CEO of Red Date Technology, said, “The BSN Spartan Network is our new global product targeting new markets around the world. We firmly believe in blockchain technology, and we think it can do so much more than just cryptocurrency. We are delighted to be working with FUJIFILM Business Innovation Hong Kong to provide a public IT environment for all businesses and make blockchain technology more stable and cost-effective for companies here and around the world.”
In November 2022, FUJIFILM BI HK and Red Date Technology formalized their intention to collaborate at a contract signing ceremony conducted in the metaverse, which was a first for Hong Kong. The alliance announced today extends this relationship to the BSN Spartan Network and may also include the development of other new services in the future.
About Red Date Technology
Red Date Technology is a technology company headquartered in Hong Kong that is dedicated to building next-generation Public IT System infrastructures for internet communications, digital economies, and metaverses. We work with our partners around the world to advance fundamental technologies that benefit all humankind.
The Blockchain-based Service Network (BSN) infrastructure offers three types of data centre management software to enable traditional clouds, data centres, or intranets to build dedicated system-level blockchain environments for applications, operating systems, and tools. Simply put, we integrate a new type of virtual data centre into physical data centres so they can manage all blockchain operations in a more efficient, independent, and well-organized way. All the BSN virtual data centres connect to each other via similar communication protocols to form the BSN, just like how the Internet was created.