Fortune Global 500 giant joins Avalanche as validator [Yahoo! Finance]
SUMITOMO CORP S/ADR (SSUMY)
NASDAQ:AMEX Investor Relations:
sumitomocorp.co.jp/en/ir
Company Research
Source: Yahoo! Finance
Sumitomo Corporation, a Fortune Global 500 company, has officially launched its Blockchain Node Operation Initiative, starting with validator nodes on Avalanche , in addition to Ethereum (ETH) and Canton Network. Avalanche is a high-performance, layer-1 blockchain platform designed for fast and low-cost decentralized applications (dApps). Compatible with Ethereum's smart contracts, Avalanche supports decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise use cases across multiple interoperable subnets. In collaboration with its IT subsidiary SCSK Corporation, Sumitomo is positioning itself as an active participant in blockchain infrastructure rather than a passive observer. Node operators validate transactions and maintain consensus, the core mechanisms that keep blockchain networks secure, transparent and decentralized. By joining Avalanche's validator network, Sumitomo aims to contribute to its global decentralization while deepening ties with leading bl
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News
- Sumitomo (OTCMKTS:SSUMY) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Sumitomo (OTCMKTS:SSUMY) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
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