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Home>KDDI and Couger Lead Japan to Initiate "Smart Contract" Proof of Concept Projects Utilizing Enterprise Ethereum

KDDI and Couger Lead Japan to Initiate "Smart Contract" Proof of Concept Projects Utilizing Enterprise Ethereum

KDDI and Couger Lead Japan to Initiate "Smart Contract" Proof of Concept Projects Utilizing Enterprise Ethereum

09/27/2017

KDDI and Couger Lead Japan to Initiate "Smart Contract" Proof of Concept Projects Utilizing Enterprise Ethereum

Precursor to the next-generation service platform combining AI, IoT, and Blockchain technology

KDDI Corporation (TOKYO:9433), KDDI Research, Inc., and Couger Inc. initiate proof of concept projects for a “Smart Contract” system, the first in Japan to utilize Enterprise Ethereum (*1).
Additionally, KDDI has joined the Enterprise Ethereum Alliance (EEA)(*2) on September 27th, 2017.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170926006912/en/

Autonomous world through IoT connection (Graphic: Business Wire)

Autonomous world through IoT connection (Graphic: Business Wire)

”Smart Contract” is a system that uses blockchain (*3) technology to insert pre-determined agreement and contract terms into a software program in a way that is difficult to falsely tamper or alter. When the conditions are fulfilled, they will be executed automatically.

This proof of concept will extend beyond blockchains utilized by existing business and will validate business and technical issues and benefits for (a) Open services built on platforms such as the Ethereum and includes non-financial interactions, and (b) Smart Contracts for coordination with partner company services.

Specific first step will be to validate operational productivity benefits by application of blockchain to share necessary information securely and in real-time for the service flow from customer’s cellphone repair request at AU shops to the completion of the repair process.

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