Sony Block Solutions Labs, a collaborative effort between Sony Group and Singapore’s Startale Labs, has unveiled plans for a new layer-2 blockchain, dubbed “Soneium.” The platform is designed to appeal to developers across multiple industries, including entertainment, gaming, and finance.
In a joint announcement, Sony Group and Startale revealed that the testnet for Soneium will be launched in partnership with Astar Network, a move aimed at accelerating the blockchain’s development and adoption.
In the announcement, Sony Group highlighted its ongoing efforts to integrate Web3 technologies into its operations. The company’s venture into the blockchain space could significantly enhance Web3 adoption. Speaking about the initiative, Jun Watanabe, chairman of Sony Block Solutions Labs, stated:
“We will work to create diverse businesses and new use cases with the aim of reaching as many users as possible with the customer value that can be enjoyed only with Web3 technology.”
The statement further detailed that the Soneium testnet will provide built-in tools designed to assist developers in navigating global regulations, enabling them to create compliant applications.
“Sony Group has well-established distribution channels across various industries and a strong user base in everyday life. With Soneium, we aim to develop something people truly want, taking blockchain technology mainstream beyond Web3,”
Watanabe stated.
According to Watanabe, the initiative will not only explore applications for existing Web3 services that are compatible with Soneium but will also consider developing new services connected to Sony Group’s diverse business operations.
The blockchain space had seen notable developments recently. Singaporean banking giant DBS launched a blockchain-based solution to streamline government grant distribution, utilizing smart contracts to simplify and expedite the process.
In a pilot project conducted in partnership with Enterprise Singapore and the Singapore Fintech Association (SFA), 27 local fintech companies received grants through DBS’s permissioned blockchain. Unlike public blockchains, this private network ensured a secure and controlled environment by requiring pre-approval for participants.
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