{"id":84367,"date":"2023-09-12T16:19:13","date_gmt":"2023-09-12T13:19:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84367"},"modified":"2025-09-12T16:55:47","modified_gmt":"2025-09-12T13:55:47","slug":"sony-to-develop-its-own-blockchain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sony-to-develop-its-own-blockchain\/","title":{"rendered":"Sony to develop its own blockchain"},"content":{"rendered":"

Sony’s subsidiary, Sony Network Communications, will create<\/a> a blockchain in partnership with Startale Labs to popularize Web3<\/a> and launch its own products.<\/p>\n

With a footprint across virtually all sectors, including gaming, technology and finance, Sony Group plans to enter the digital asset industry.<\/p>\n

\n

\u201cWith experience in communications, the Internet of Things and artificial intelligence, as well as the technical know-how of Startale Labs, we aim to build a global infrastructure that will be the backbone for the Web3 era and will spur innovation across all existing sectors,\u201d said Jun Watanabe, head of Sony Network Communications.<\/p>\n<\/blockquote>\n

The development company is registered in Singapore. Its starting capital totals 1 million SGD<\/span> (~$734,000). Investments from Sony and Startale Labs are allocated at a 90% to 10% ratio, respectively.<\/p>\n

In 2018, the corporation developed a contactless hardware wallet for cryptocurrencies based on IC-card technology.<\/p>\n

Later, Sony Pictures Entertainment filed a patent application for a blockchain-based system for storing digital rights records.<\/p>\n

In March 2023, the PlayStation maker disclosed a patent application<\/a> for NFT products, filed several years earlier. The company aims to create a digital infrastructure that will allow gamers to own collectibles and transfer them between platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sony’s subsidiary, Sony Network Communications, will create a blockchain in partnership with Startale Labs to popularize {{AOPEN_1}}Web3{{ACLOSE_1}} and launch its own products.<\/p>\n","protected":false},"author":1,"featured_media":84368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1881,1663],"class_list":["post-84367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-enterprise-blockchain","tag-sony"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=84367"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84367\/revisions"}],"predecessor-version":[{"id":84369,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84367\/revisions\/84369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/84368"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=84367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=84367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=84367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}