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Demonstration experiment on the usefulness of Toyota Financial Services and distributed ledger techn

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Scalar, Inc. (Headquarters: Shinjuku-ku, Tokyo; Representative Director, CEO and COO: Wataru Fukatsu; Representative Director, CEO and CTO: Hiroyuki Yamada; hereinafter referred to as “Scalar”) is Toyota Financial Services Corporation (Headquarters: Nagoya, Aichi; President: Akihiro Fukutome), we conducted a demonstration experiment for the utilization of blockchain and distributed ledger technology, which was completed in November 2019. This is one of the initiatives of "Toyota Blockchain Lab" established in April 2019 by Toyota Motor Corporation and Toyota Financial Services Corporation. Through this demonstration experiment, we verified the usefulness of ScalarDLT.

In this demonstration experiment, B2C transaction data simulating actual use cases was managed on ScalarDLT, and the controllability, traceability, authenticity, etc. of the data were verified. In addition, based on the results of the above-mentioned verification, we conducted desktop verification assuming various use cases and verified the usefulness of ScalarDLT. As a result of the experiment, it was confirmed that the above verification items were correctly guaranteed, and the usefulness of ScalarDLT was confirmed in a wide range of areas.

In the future, we will continue to conduct further technical verification and consideration toward actual service.

What is ScalarDLT

ScalarDLT is distributed ledger software independently researched and developed by Scalar. It executes smart contracts with electronic signatures in the form of distributed transactions, and manages the execution results in a chain with multiple independent components. By doing so, it achieves high tamper detection, high scalability, strong consistency, and determinism that were difficult to achieve with conventional blockchains.

About Scalar Inc.

Representative Director, CEO and COO: Wataru Fukatsu Representative Director, CEO and CTO: Hiroyuki Yamada Established: December 2017 Business: Research, development and provision of distributed ledger software HP:https://scalar-labs.com

Inquiries regarding this matter

Scalar, Inc. Public Relations: Hagiwara press@scalar-labs.com

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