Today Fujitsu announced a strategic agreement with blockchain startup SettleMint to work with Fujitsu Enterprise Blockchain and Track and Trust Solutions. Fujitsu set up a Track and Trust Solution Center in Brussels, Belgium in 2018, and SettleMint is based just outside of Brussels. Last month Fujitsu Ventures participated in SettleMint’s $16 million Series A funding.
The two firms have worked together before. Two years ago, we reported on a barley traceability solution by beer company AB InBev, the owner of Budweiser and Stella Artois. SettleMint developed the solution with Fujitsu as a consulting partner.
The collaboration agreement means Fujitsu will provide professional services to other SettleMint clients. This adds credibility to SettleMint and means it can get involved in ever larger projects.
Additionally, Fujitsu will use SettleMint’s low-code blockchain middleware that supports both enterprise blockchains such as Hyperledger Besu and Fabric, as well as public blockchains Ethereum, Avalanche, Binance Smart Chain and Polygon.
“The fast way to build, launch, integrate and monitor blockchain implementations with a high-performance low-code development environment of SettleMint fits in our portfolio strategy in the enterprise blockchain space,” said Frederik De Breuck, Head of the Fujitsu Track & Trust Division.
Fujitsu developed a significant portion of the code that underpins the Hyperledger Cacti interoperability solution.
Apart from getting involved in several traceability solutions, ranging from rice to recycled carbon fiber, Fujitsu’s readymade distributed ledger (DLT) solutions include digital identity and smart document management.