The logo of Japan's Fujitsu at its head office in Tokyo. Photo: AFP/Kazuhiro Nogi
The logo of Japan's Fujitsu at its head office in Tokyo. Photo: AFP/Kazuhiro Nogi

Japanese tech conglomerate Fujitsu has launched a service that will assess the viability of any planned blockchain project and will do so within a week and for a cost of only $10,000.

The “Minimum Viable Product” service, intended for organizations that want to jump-start a new blockchain development project or “de-risk” an existing one, will assess whether a project has the potential to be considered for full-scale investment and implementation. This “Proof of Business” approach, that is carried out before the project commits to a full Proof of Concept process, focuses on creating business value so will avoid, says Fujitsu, the common pitfalls that many blockchain projects fall into.

All projects will be assessed to see if they contain enough value to be actually wanted, demonstrate enough future potential to retain the loyalty of early users and can provide a strong enough feedback loop to enable strong further development.

Assessments will be led by Fujitsu’s “global blockchain experts” who are said to bring insight and ideas and also technical know-how and “rapid transformation methodologies” that are based on Fujitsu’s Human-Centric Experience Design process.

Human-Centric Experience Design, that is, in summary, the application of a holistic approach to any development, has become a core strategic focus for Fujitsu, first in Japan and now globally. Fujitsu says it makes the creative process faster and also “accelerates the overall transformation.”

The process is used in Fujitsu’s hundreds of customer digital transformation projects and also forms the “core platform” for Fujitsu’s global network of Digital Transformation Centers, including its Blockchain Innovation Center in Belgium, which is overseeing the company’s new “Proof of Business” blockchain assessment process.

Fujitsu considers itself a world-leading blockchain innovator and says it holds close to 50 blockchain-related patents. It is also a premier member of the global non-profit Hyperledger Fabric consortium that is made up of the world’s leading technology and business organisations who work collaboratively to develop cross-industry blockchain-based business applications.