Sony, Electronics Pioneer Behind Walkman, Starts Own Blockchain 'Soneium'

Sony, the Japanese electronics giant famous for developing the Betamax and Walkman in the 1970s, is now starting its own blockchain. Sony Block Solutions Labs, a joint project between Sony Group and Singapore-based Startale Labs, said Friday it's coming out with a new layer-2 network atop the Ethereum blockchain called Soneium. The news signals that there may be a renewed interest from mainstream companies in building products for consumers with blockchain technology. Soneium, expected to go live on a test network in the next few days, will make use of optimistic rollup technology, which allows users to transact on networks on top of Ethereum for cheaper.

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