The Sony Group, along with a partner, has jointly launched a new layer-2 blockchain, the Soneium blockchain, and published a press release announcing it.
Japanese conglomerate Sony, known for its popular electronics products, has ventured into the blockchain space. Along with a partner, the company has launched the Soneium blockchain, a layer-2 blockchain. Meanwhile, the firm has published a press release announcing the launch.
A joint collaborative firm, Sony Block Solutions Lab, is behind the new layer-2 blockchain. Moreover, the company has specified their goal is to encourage blockchain adoption on a wider scale. Besides, their partner in the project, Startale Labs, is also a blockchain-based firm in Singapore.
The Soneium blockchain is a public blockchain that will strive to provide minute services ranging from infrastructure to applications. Sony has also specified two issues in the blockchain industry. First, the industry’s user base is comparatively smaller. Second, the use cases of blockchain technology haven’t expanded. The company wants to solve both bottlenecks with its latest venture.
At the same time, Sony is focusing on making their blockchain useful for developers. It stated, “For developers and creators using Soneium, we provide tools and environments that are easy to use, efficient, and cost-effective. We are also planning to release a Soneium “testnet” for app developers soon. The purpose of this testnet is to co-create applications using Soneium’s technology with developers inside and outside the Sony Group.”
Representatives of both Sony and Sony Block Solutions Lab praised the initiative. They also underlined its future potential for the blockchain industry.
Several private firms have adopted blockchain technology in the past. From corporate firms to government regulators, blockchain is a priority for many.
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