Sony Reveals Blockchain Plans to 'Connect Souls Across Generations'

Sony Network Communications, a subsidiary of Sony, announced that it is developing a new blockchain platform through a joint venture with crypto tech firm Startale Labs. The Singapore-based venture, Sony Network Communications Labs Pte. Ltd., has 1 million SGD in capital (roughly $733,000), with Sony holding 90% and Startale 10%. Sony Network Communications President Jun Watanabe said the partners will combine Sony's experience in IoT, AI and solution services with Startale's blockchain focus. The article notes that it is not yet clear how Sony plans to use blockchain technology.