💡 Soramitsu, a developer of advanced blockchain solutions, is actively building ecosystems to improve the lives of people and society as a whole. The company’s core approach is based on the Open Source philosophy, which involves collaboration among many parties to achieve common goals. This enables the creation of technologies that are not owned by a single company but benefit the entire community.
🔹 Advantages of the Ecosystem Approach: Creating an ecosystem brings numerous benefits, such as access to new talent, technical capabilities, and scaling potential when all participants work towards a common goal. According to research by Ernst & Young, ecosystem business models can generate up to 13.7% of annual company revenue and help reduce costs.
🔹 Partnership and Innovation: Soramitsu is involved in several projects to create ecosystems, including the development of decentralized solutions for Web3 and collaboration with telecommunications companies to combat fraud. For example, the Fraud Intelligence Limited project uses Hyperledger Iroha blockchain to fight fraud in the telecom sector, emphasizing the importance of creating joint solutions based on shared value.
🔹 Web3 and the Public Sector: Soramitsu is actively developing projects on the SORA blockchain, which is part of the Polkadot ecosystem. The technologies developed by the company help expand the possibilities of decentralized finance (DeFi), making them accessible to more users. Soramitsu is also working on Central Bank projects to implement Central Bank Digital Currencies (CBDC), which will improve the speed and cost of cross-border transfers.
🔗 Learn more about Soramitsu’s ecosystems here: Creating Ecosystems with Soramitsu
