Decentralization is the Future
The outcome of Russia’s invasion into Ukraine is still unknown. However, what is obvious is that the societal and economic impacts of the event will be long-lasting. Another obvious factor — the crucial role that decentralized technologies and cryptocurrencies have played in all this.
As SORAMITSU works on building Klaytn’s first open-source decentralized exchange, COO of SORAMITSU Group Andrew Wong has authored a thought leadership piece. He’s given deep insights into a potential decentralized future from his observations of the Ukraine conflict.
Discover it here!
SORAMITSU is a Japanese fintech company with expertise in developing blockchain-based solutions for digital asset and identity management. Our mission is to use blockchain to promote innovation and solve pressing societal challenges.
SORAMITSU is the developer of and major contributor to the open-source blockchain platform Hyperledger Iroha, which is tailored for enterprise and public-sector use. Part of the Linux Foundation’s Hyperledger Project, the Iroha blockchain’s flexible permissions system and scalable, performant architecture suit it to digital asset and identity management in high-traffic, multi-stakeholder environments.
Utilizing blockchain, SORAMITSU has developed a digital currency for the National Bank of Cambodia, a closed-loop payment system for the University of Aizu in Japan, an identity verification system prototype for Bank Central Asia in Indonesia, we were finalists in the Monetary Authority of Singapore CBDC Challenge, and are currently participating in Asia-Pacific’s first proof-of-concept test of a cross-border, multi-currency security settlement system using distributed ledger technology with the Asian Development Bank. We have also conducted proof-of-concept tests for several major Japanese enterprises, and are active contributors to open source projects, such as the SORA cryptoeconomic system, the Polkaswap DEX, and the DeFi wallet, Fearless Wallet.