Datachain provided technical support for Sumitomo Mitsui Banking Corporation's development of on-chain financial infrastructure, including the review of its foundational architecture and privacy protection. It is organizing and evaluating the issues with a view to the future, including the continuity of medium- to long-term operations and the maintenance of governance and sovereignty.
Drawing on its expertise developed through research and development in blockchain technology, Datachain provided technical support for the on-chain financial infrastructure being considered by Sumitomo Mitsui Banking Corporation. The initiative aims to organize the technical issues in light of the governance and sovereignty required of financial institutions, as well as future scalability and operational continuity.
The support included organizing and evaluating a broad range of issues, including the foundational architecture and privacy protection. Through this analysis, Datachain advanced the technical review required to implement on-chain financial infrastructure.
Datachain has indicated that it will continue working with a range of partners to contribute to the real-world implementation and adoption of on-chain financial infrastructure. The company provides on-chain financial technology consulting and has adopted a policy of providing technical support from the conceptual stage through commercialization.
Datachain is a subsidiary of Speee and, based on its R&D in blockchain technology, operates businesses involving stablecoins, tokenized deposits and cross-chain infrastructure.