Each of the companies will be working on an independent basis, but they happen to be developing software that will hopefully, if all goes well, be able to see action at the Tokyo Olympics when 2020 rolls around. Back in the 1964 Olympics in Tokyo, Japan managed to showcase to the world their speedy recovery from the horrors of World War 2, and it is hoped that the next Olympics will be a place for the Land of the Rising Sun that is famous for its technological prowess to showcase its strengths yet again.
The software developed by Toshiba is said to be inexpensive, where it can compress 8K video transmissions in real-time. This will enable broadcasters to make use of the software when it comes to live events, with plans to commercialize it for 4K first before 8K comes into the picture.