Technology

Sony Joins a Crypto Push in Japan as Calls Grow for Looser Rules

  • Entertainment giant plans to integrate blockchain technology
  • Japan’s digital-asset rulebook is viewed as relatively strict

The Sony headquarters in Tokyo.

Photographer: Kiyoshi Ota/Bloomberg
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Entertainment giant Sony Group Corp. is the latest company to jump onto a bandwagon of Japanese businesses seeking to tap blockchain technology, a trend that poses challenges for the nation’s government.

Sony last month officially unveiled a digital ledger, Soneium, anticipating that developers will use it to create applications to enhance the firm’s offerings. Precisely how is a work in progress, but the broad idea is that intersecting Soneium with gaming, music and movies could yield opportunities.